29 DECEMBER 1928, Page 2

* * Lord Melchett is the pioneer of British rationalization,

which only means reorganization on rational lines. There will be no surprise therefore at the announcement that a huge nickel fusion, involving £100,000,000, is in prospect, which will bring together Mond Nickel and International Nickel, Canada. As the latter company absorbed its namesake of New Jersey some weeks ago, this means concentrating almost all the world's nickel output in the hands of a combine, in which British. interests will predominate.

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