BRITISH NEWS.

Taranaki Daily News, 26 November 1919, Page 7

BRITISH NEWS.

BIG BUSINESS DEAL. By Telegraph.—Press Assn.—Copyright. London, Nov. 21. A financial group, headed by Mr. K Joel, the South African millionaire, has ■bought Horroeks' and Crewd?on'p, the great Manchester firm. About £5,000,000 was paid for the business—United service. Horroeks' are the largest cotton spinners and manufacturers in Lancashire and employ 4000. The sum of eight millions is mentioned as the purchase price.—Aus.-N.Z. Cable Assn. m INDUSTRIAL COURTS. -,, „ London, Nov. 21. ine House of Lords passed the Industrial Courts Bill, to which Royal assent was given, THE I'RINZ HUBERTUS. _,, London, Nov. 21. •there was a further outbreak of fin on the Prinz Hubertus at the Albert Docks and it is feared the vessel may he a total loss. , J PROFIT-SHARING SCHEMES. -, London, Nov. 2!. The attempt of the Carpenters am Joiners' Union to wreck Lever's co partnership scheme is likely to precipitate the general question of the trade s'ehem atUtUde toward Proflt-sliaring The trade union leaders are mostly being that the workers under copartnership achieve a different economic basis from others; moreover, as shareholders, they assist in furthering privately controlled industry against Labor's aim, which is complete na-ticnalisation.-Aus.-N.Z, Cable Asm