23 MARCH 1929, Page 46

VOTING POWER.

Briefly the position seems to have been that while. the General Electric Co. has been at pains to have its articles of association revised in the direction of securing voting 'control in the hands of the British shareholders, American buying of the shares has been so persistent as to involve 'a majority of the shareholdings passing to the other side of the Atlantic. Some idea of the extraordinary character of the buying and the value set by the purchasers on shares, which after all were only receiving a 10 per cent. dividend, may be gathered from the fact that at one time 'last January the £1 shares touched £4, and even last week immediately before the new issue was to be made the price was as high' as 55s.