The position of the different com= panies, of course, raises a: very. Serious issue and the Government announcements probably will cause a slump in their shares. The available estimate of the amount of money invested in greyhound racing shares is from five to seven million pounds. It is impossible to say exactly how much capital now is risked. in the sport, as s0 many of the companies have been financed up and down the country as well as those which have marketed their shares. fon the Stock Exchange, In view on the wide investments, the statement by Sir William Joynson Hicks is sure to have a very strong effect, on the shares which have been issued to the public. A curious thing is that, for at least three weeks, it has been rumoured in the City that some form of Government—intervention was to be expected. Questions are sure to be asked of the Government to why the view now expressed was not made known earlier.
Up to six months ago, the capital ventured in greyhound racing was negligible, and not more than a million pounds in all can have been invested in it before the recent boom. The capital then at stake was owned. by people who could afford to take risk, Now the situation is entirely changed. Shares have been issued broadcast and great numbers are. held by people who have even put their savings in them, or, at any rate, money which they ill can spare, If serious opposition by the Government now makes the sport un~ popular, the money so invested will be partially lost. As the last three months have seen the formation of company after company, and the issue of hundreds of thousands of shares, the Government would have The City of London Corporation have instructed the City Solicitor to apply for an injunction to restrain the Crystal Palace trustees and the Greyhound Racing Association from using the Crystal place grounds for Referring to this development, Brigadier-General Cut obley, a director of the Greyhound Racing Association, stated this week:—The last thing we want to do is to open a track where it is not wanted. If it be so desired, we will release the trustees of the Pataca from their agreement with us without further ado." The City, Corporation's decision followed a. striking public protest at the Guildhall, where 2,000 people from South London supported a deputation which, headed by the Bishop of Woolwich, presented to the Corporation'a petition, signed by 43,434 per sons, against greyhound racing at the Crystal Palace. Clergymen of all denominations, members of the Salvation Army, representatives. of public bodies, and many women joined in the demonstration.
The National Emergency Com. mittee of Christian Citizens, a. newly formed body, held a meeting the Church House, Westminster, this week, at which' were present delegates of all denominations from different parts of the country. A permanent committee was established, with the Bishop of Lichfield and done the investor a good turn by making known its views at an corer ate,
Text read from the printed page and cleaned; old type leaves the occasional error.