* * * * THE CHEMICAL COMBINE.
Great industrial combines always evoke criticism on the grounds of monopoly and, therefore, it is not surprising that the notification during the past week of the big chemical combine should have prompted not only considerable interest, but a certain amount of criticism. The prospective combination is concerned with Nobel Industries, Brunner Mond and Co., United Alkali, and British Dyestuffs, these concerns showing total assets of about £60,000,000. In all four instances the shares have been advancing of late, but now that the terms of exchange of shares in the old concerns into the new central company have been announced, it is evident that the effect has been diseountedfor the moment, and prices have reacted. The new company is to be called Imperial Chemical Industries Limited, the' capital 'being £56,802,996, divided into £16,219,306 in 7 per cent. Cumulative Preference Shares, £31,095,555 in Ordinary Shares and 1.9,488,135 in Deferred Shares of 10s. each. The chairman of the company will be Sir Alfred Mond, and the president and deputy-chairman Sir - Harry McGowan. Lord Ashfield, Sir John Brunner, the Marquess of Reading and Sir Josiah Stamp will also be on the Board.
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