STEEL RATIONALIZATION.
Not the least interesting part of the speech of Sir Arthur Du Cros at the recent meeting of the Parent Trust and Finance Company, was his reference to the part taken by the company in the formation of " Steel Industries of Great Britain, Limi- ted," which company, it will be remembered, recently pur- chased from the Austin Friars Trust the securities of United Steel Companies, Limited. Quite truly Sir Arthur Du Cros emphasized the fact that the steel industry with all its ramifi- cations, constituted a keystone of the country's industrial prosperity, and in no other direction, perhaps, are the possi- bilities in the shape of rationalization greater. The Chairman stated that the aims of the Board were to establish a Trust company which should confine itself to the investment business of the company and be free from trading risks.
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