The Archive · 1938

Int. Steel Cartel Meeting

London, May 28.

The International Steel' Cartel discussions concluded last night in Rome fare said to have been conducted in the most cordial spirit.

Circles in close doush with the British delegation regard the tin Plate meeting as the most important a compromise was reached regarding the quota question, The American claim for a higher quota, which was first opposed by the German delegates, was settled by granting a small increase to the Americans, enabling them gradually to work off the recent excess. was pointed out that the concession was justified by reason of the high quality of the tin plate produced in the United States The meeting of the International Steel Entente was mainly devoted to the giving of Information. The understanding with the American steel industry could not be further elaborated owing to the absence of certain American figures. It is understood, however, that the Anglo-American, meeting will take place in London in 8 fortnight's time, when the problem will be further discussed.

The question of price did not come for discussion at the serap meet ing, Tt is not likely to arise until Jcurrent contracts are liquidated.

At present, only a very small amount of fresh buying from Osaka Is in evidence—Reuter, Canton-Kowloon Rly., Auto Palace Dividend 5% Bonds London, May 20.

Canton-Kowloon Rly., 6%—Coupons Jand drawn bonds due for redemption fon June-1, will be paid on and after that date at the offices of Hongkong Shanghai Banking "Corporation Shanghai, May 28, Ata meeting of the directors the Auto Palace Ca, Ltd, yesterday shareholders the forthcoming jit was decided to" recommend 10

Jannual meeting, to be held on June 9, the payment of a dividend of 60 jeents a share."

Text read from the printed page and cleaned; old type leaves the occasional error.

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