The story of artificial silk

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Monograph

Identifikator:: 1765923751

URN:: urn:nbn:de:zbw-retromon-146069

Document type:: Monograph

Author:: Casson, Herbert Newton http://d-nb.info/gnd/118814435

Title:: The story of artificial silk

Place of publication:: London

Publisher:: Efficiency Magazine

Year of publication:: [1928]

Scope:: xiii S., S. 17 - 130

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: The story of Courtaulds and british Celanese

Collection:: Economics Books

THE STORY OF ARTIFICIAL SILK original shareholders 5,500 per cent. For every pound they put in, they now have £55. The net profits in 1927 were £4,585,000. The reserves are £12,000,000. And the present market value of the shares is now more than £110,000.000. In 1927 it paid a bonus of £12,000,000 to its shareholders. It is the only British firm that has ever given its shareholders so large a bonus. Several years previously, it gave a bonus of £8,000,000. Altogether, it has paid five bonuses to its shareholders, on top of a 25 per cent., tax free, dividend. The biggest and most joyous boom on the London Stock Exchange ‘in 1927 was caused by this Courtauld bonus. The Courtauld shares leapt up in value £12,000,000 in a single day. A feeling of confidence and optimism was created by this bonus such as Great Britain has not known since the pre-war days. In 1913 the capital of Courtaulds was only £200,000. Its shares were selling at 32s. apiece. If any foreseeing man had bought I,000 shares at that time, he could now sell ~4

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