AN INTERESTING EXPERIMENT.
It will readily be seen that interest in this very important provisional agreement is really two-fold in character. So far as the shareholders and stockholders in the two companies are concerned, the feeling is general that the scheme is an equitable one and, further, that it is the one which promises the best financial results in the years to come. Then, quite apart from the share- holders either in Vickers or in Armstrongs, not only is it considered that the new arrangement should make for the continuity and the further extension of two of the greatest businesses in the country, but there are not wanting hopes, first, that increased profits resulting from co-operation may be even greater than anticipated, and, second, that if such should be the case, a further lead may be given to a co-operative movement in other industries where less internal competition and greater co-operation would seem to be required.
ARTHUR W. KIDDY,
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