3 JUNE 1938, Page 47

BRITISH SHAREHOLDERS' TRUST.

Last year was difficult for issuing houses who, in addition to their capital issue business, are also large holders of securities. In view of these difficulties Sir Follett Holt's speech to the shareholders of British Shareholders' Trust was encouraging. He announced that the Trust's investments were well spread, that it has ample liquid funds for its business, and that the assets exceed the capital by at least £172,787. He looks for a gradual return of confidence and resumption of enterprise. * * *