Combinati London, Dee. 6.
_In connexion with the Empire zinc combination, it is understood that the National Smelting Company are arranging to acquire the Swansea Vale and Avonmouth zinc undertakings and will offer for sale £1,500,000 7 per cent. first mortgage debentures.
They are also acquiring 4,000,000 shares at 10 rupees each in the Burma Corporation. It is stated that the capital will be £650,000 in 8 per cent. cumulative participating preference -shares, and £1,000,000 ordinary shares both at £1 each, and £50,000 deferred shares at one shilling each. The Avonmouth and Swansea Vale properties represent a total capital expenditure considerably exceeding £2,000,000. Mr. Baldwin's British Metal Corporation and Australian mining and smelting interests are reported to be concerned in the deal.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.