15 DECEMBER 1928, Page 37

J. V. HUTTON, LTD.

At. the- recent Extraordinary General meeting of &rim V. Hutgon; Ltd., held at Nottingham, the Chairman, Mr. John V. Hutton, undoubtedly made out a good case to the shareholders for the decision reached to purchase a majority of the shares in Goodson's Mantle and Costume Company (1920) Ltd. Moreover, he is, I think, to be commended for taking share- holders so fully into confidence both with regard to the reason

for the purchase and with regard to the methods-to:be employed to secure the best possible financial results. In connexion with the operation, the Directors of John V. Hutton, Ltd., are making an- offer of new shares to existing shareholders on favourable. terms. holder -Of ten 'existing Ordinary Shares of each is to be entitled to subscribe -for six of the new Ordinary Shares, and every holder of 100 Deferred Shares is entitled to subscribe folr-fouiteen new Ordinary Shares. * * * *