31 MARCH 1928, Page 3

It will be a holding company into which mills are

in- vited to come in on a basis reached by valuation of their property. If enough of them accept the invitation, they will be amalgamated inside the Corporation. Mr. J. L. Tattersall explained at a meeting held in Manchester on Tuesday that if the Corporation was formed they could ' expect great savings in bulk buying, in centralized control of selling, in reduction of executive costs, and in other directions in which industrial combinations have lately found salvation. Our hopes for the success of the scheme are based first and foremost On the fact that neither the Government nor outside financiers are called in. It is the scheme of the enterprising section within the industry of men who know the business.

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