NEW COMPANIES IN 1928.
The year 1928 was, of course, remarkable for the number of issues of capital which were made and it is interesting to note, from the review by Messrs. Jordan and Sons, the company registration agents, the nature of the companies registered at Somerset House during the period. The total number of companies registered was 9,012, of which 888 were public and 8,174 private companies, the aggregate capital of the public companies being £152,785,338 and that of the private com- panies £67,720,788.- In 1927 569 public and '7,830 private companies were registered with • aggregate capitals of 1121,118,619 and £52,033,652 respectively. As regards the various forms of the concerns, the group classified as stocks and trusts had the largest ce.iiital; viz., £26,837,241 and this will cause less sdrprise thaii the fact that textile registrations amounted to no less than 119,403,582. New banking com- panies were registered with an aggregate capital of £7,832,601, but the most notable feafure is the very large increase in the group classified as a Music:3 In 1927 the capital concerned under this heading was only £786,822, whereas during the past year " music companies were registered with an aggre- gate capital of nearly £7,750,000 a figure which will recall the somewhat extravagant public issues of capital made by gramo- phone and record companies during the year. Another notable increase was shown in the capital to be used for photographic purposes while it seems -that the current year will be remarkable for the number of companies registered to exploit automatic machines.
* * * *
Previous page
