WORLD CARTEL

Wairarapa Times-Age, 30 June 1943, Page 3

WORLD CARTEL

OF ALLIED & ENEMY FIRMS PRODUCING WAR MATERIALS ALLEGED BY UNITED STATES JUSTICE DEPARTMENT. DENIAL IN GREAT BRITAIN. (Bv Telegraph—Press Association —Copyright) WASHINGTON, June 29.

The Department of Justice announced that four American titanium com"panies and four officials of the companies have been indicted on charges of creating a world-wide cartel in conspiracy with British, German. Italian and Japanese interests.' The assistant Attorney-General said that the cartel covered titanium compounds which were used in war materials. The defendants are the (National Lead Company, Du Point Nemours, Kerbs Pigments, and the Titan, Company and their general managers. The statement by the Justice Department named as co-conspirators the I. G. Farbenindustrie, Germany Imperial Chemical Industries, British, Montecatini, Italy, and Koxusan Kogyo Kaibushihi, Japan. The indictment charged the defendants and alleged co-conspirators with dividing the world into exclusive noncompetitive areas, suppressing competition, obtaining monopolistic areas, control of the. industry in the United States through patent pooling, and restrictive production. Lord McGowan, the chairman of Imperial Chemical Industries, has denied the claim relating to his organisation. “We are not engaged in any international conspiracy. We are not in combination with any international bodies. The American report is quite wrong,” he said.