Dismal results are recorded of the British Cellulose Company, whose issued capital of £6,500,000 apart from over £300,000 in debentures is in danger of being lost, unless financial support is forthcoming.
The company aimed at creating} a huge market for its" artificial silk, but technical difficulties, particularly in connexion with dyeing manufactures, have arisen.
Drastic reorganization proposals have been made, in which the Government, which holds £1,450,000 preference shares against advances in connexion with war work, offers to donate half its holdings.
The ordinary shares which at one time rocketed from sixpence to £14-10-0 are now at 45 pence.—Reuter.
Paris, Apr. 21.
The French imports for the first three months of 1922 amounted to Frs. 5,266,613,000 and 11,95 metric tons, as against Frs.
972,000 and 9,914,429 tons for the same period in 1921.
Exports totalled Frs. 5,368,721,000 and 4,644,156 tons, 4s against Frs. 5,573,685,000 and 4,644,136 tons in 1921.—French Wireless through Reuter.
The following is the traffic return of the Shanghai Tramways, (Foreign Settlement) for the week ended April 26, 1922, with figures for the corresponding vee last year: 1922. i921. Gross Receipts $65,368.84 $52,820.79 Loss by currency depreciation 24,000.36 16,421.65
Effective receipts M.$41,368.48 $36,500.14 Percentage of loss by currency depreciation 38.74 32.15
Text read from the printed page and cleaned; old type leaves the occasional error.