Mr. Clarence Hatry has been prominent in London for some
years as a company promoter. During the " boom " after the War he organized the Commercial Bank of London—later known as the Commercial Corporation of London—which went into liquidation in 1923. He also floated British Glass Industries, a company with an enormous capital, which collapsed. Another of his companies was Jute Industries, Ltd., of which the capital had to be considerably reduced. More recently he organized the Drapery Trust, which brought together several large stores. The Corporation'and General Securities, Ltd., issued the Wakefield Loan and organized loans for several other municipalities. Finally Mr. Hatry interested himself in the finance of the steel industry, and formed Steel Industries of Great Britain, Ltd.