4 FEBRUARY 1928, Page 32


. Reference is made above to the continued stream of new capital creations, and during the coming week there will be one or two industrial issues of considerable size and importance. Among them will be an offer for sale of 12,000,000 in 7f per cent. Cumulative Preference Shares of £1 each in Debenhams Securities Limited. This is a newly formed company which owns, however, the whole of the issued Ordinary Shares of the.well-known firm of Debenhams Limited, which, in its turn, controls a number of well-known businesses including Marshall and Snelgrove and Harvey Nichols and Co, while through the Drapery Trust there is control of a number of other London and Provincial stores. Continuity of the present management of Debenhams has been secured for