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Allisons

7th February 1969
Page 38
Page 38, 7th February 1969 — Allisons
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Which of the following most accurately describes the problem?

• Amalgamated Rubber and Industrial Products, which saved Allisons Freightlines from possible liquidation, has paid £200,000 to Lloyds Bank as part of the £300.000 repayment of debenture stock in the company.

Amalgamated Rubber, through one of its subsidiaries, Spinks Transport Services. Darlington, has offered holders of Allisons debenture stocks, for whom Lloyds acts as trustees, cash at par or convertible unsecured loan stock (CM January 24).

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