Sir Alfred Mond, the head of Imperial Chemical Industries, has
announced an Anglo-American com- bination, to be called the Finance Company of Great Britain and America, with a capital of about £2,000,000." The modest- -amount of capital does not suggest the largeness of this collaboration between the English firm • and the Chase Securities Corporation of New York. Sir Alfred Mond says that the object is to finance industrial and commercial undertakings in the British Empire and the United States, and that the new company will be able to float " almost unlimited sums " in the organiza- tion of industry throughout the world. The American representatives in the concern are among the best known financiers and directors of industry in America. Sir Alfred has good reason for saying that it has been much too difficult for British and American industrialists when acting independently or as opponents -to control capital., Such an enterprise as has just been announced is a_ fresh pledge of progress and peace for both countries. The Americans have the money, and we have ample opportunities for using it profitably both for them and ourselves.
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