22 FEBRUARY 1930, Page 36

THE HAIRY SETTLEMENT.

The long deferred settlement in the special group of shares known as the Hatry Group has gone through during the past week quite successfully, and thanks to the careful arrange- ments made in advance and the " pool " provided by interests directly affected and contributed to by those not affected, no failures have taken place. Nevertheless, and while it is, of course, a satisfactory point that, the Hatry settlement should be out of the way, it must not be forgotten that the matter has involved Stock Exchange losses of not far from £1,000,000, and while during times of prosperity a recovery after such losses may come quickly, it is rather different when conditions generally are those of dullness and depression.

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