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A.C.V. to Increase Capital
27th June 1952, Page 57
27th June 1952
Page 57
Page 57, 27th June 1952
— A.C.V. to Increase Capital
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AN extraordinary general meeting of Associated Commercial Vehicles, Ltd., is to be held on July 9 to consider passing resolutions for increasing the company's' capital by the creation of 1.5m. 51 per cent, redeemable cumulative preference shares of El each. The reason is that, in addition to its normal products and those of the group of companies of which it is the head, a variety of workin connection with rearmament has been undertaken. This necessitates increased working capital, particularly in connection with supplies of essential materials, many of which are rising in price.