BIG CAPITAL INCREASE
PROFITS FROM CHEMICALS British Official Wireless RUG9Y. Tuesday. The directors of Imperial Chemical Industries, Limited, announce a proposal to increase the authorised capital of the company Ry £20,000,000 to a total of £95,000.000. This increase is to be made by the creation of 40.000.000 new shares of 10s each. Part of the proposed new capital will be required to complete the present constructional programme, leaving a balance in reserve for future contingencies. The reserves now exceed £11.000,000. In a report to the shareholders, the directors indicate the immense scope of the company’s business. They show that the heavy constructional works contemplated are necessary in view of the rapidity of the growth of the company. It now employs in its offices and works about 53.000 people, compared with 40,000 one year ago _____ _
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Sun (Auckland), Volume III, Issue 635, 11 April 1929, Page 9
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134BIG CAPITAL INCREASE Sun (Auckland), Volume III, Issue 635, 11 April 1929, Page 9
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