undertakings process of formation in Great in. One of these concerns is calle ed the British Visada, Ld. It has agreed to purchase a mill at Littleborough in Lancashire, where it will manufacture "fine denier artificial silk yarns" by means of the viscose process. The plant is expected to be in operation not later than May next. The prospectus, to be issued shortly, will offer for subscription 300,000 10 per cent. preferred ordinary shares of £1 each at par, and 600,000 deferred ordinary shares of 2s. each at par, this being the total capital of the company. It is expected that the company will be left with £116,000 of working capital. The second company, with a nominal capital of £1,000,000, is being formed, and the directors will' be men prominently interested in Lancashire industries. The promoters have obtained at Kendal a site which they claim is particularly suitable, with very valuable water rights and ample room for extension. It is proposed to start with one unit to produce three tons per day.
Text read from the printed page and cleaned; old type leaves the occasional error.