London, Jan. 21, The Bank of England has arranged for the subscription of £50,000 new capital for the United Trust, Limited, which financing hire-pur-or trading on the The Trust was founded clove years ago as a commercial banking house to scove Dritish trade. The company at present has a capital of £250,000.
The Bank of England's action is regarded as the frst definite instance of its participation financing industry since Mr. Thomas, Lord Privy Seal and Minister dealing with unemploy: ment, foreshadowed such a depar-are in a speech at Manchester on January 10 in which he said_th the City of London was ready to support any plans that would place the important industries of the country upon a broad and sound basis and lead to. their being reorganized and modernized—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.