7 SEPTEMBER 1929, page 29

B. A. T. Capital.

Judging from all the circumstances, it looks as though the new issue of 6 per cent. Second Preference shares of the British American Tobacco Company will have a good reception......

A Promising Fusion.

On the financial side, it is obviously impossible to comment upon the desirability or otherwise of the proposed arrangement until the full details are available, but the market......