apparefitly not yet been rédlized in Great Britain, especially full scope of the Treasury ban on capital issues has the próvincés, Under the regulations it is no longer permissible to borrow money with the intention of repaying the advance out of the proceeds of a public issue. This especially affects local authorities; who aré'in the habit of taking temporary accommodation from their banks pending an issue to the public. Unless Treasury consent has been obtained, banks may find such advances frozen for the duration of the war. Companies are no longer at liberty to make free bonus issues to their shareholders in capitalization of reserves, and may find difficulty in obtaining authorization for increases in capital, states the "Financial News."
Text read from the printed page and cleaned; old type leaves the occasional error.