V.O.C.
At the meeting of the V.O.C. Holding Company, held last Monday, interest largely centred in the statement by the Chairman with regard to a scheme for effecting a conversion of the shares of the company into shares of the Venezuelan Oil Concessions by the fusion of the two concerns. Viscount Bearsted explained that at meetings of the Concessions " (Continued on page 546) (Continued from page 544.) Company which had been held the necessary resolutions had been carried for increasing the capital of the company so as to provide the shares required to make the distribution and also to provide the funds necessary for the continued develop- ment of the properties of the " ConCessions " Company. Con- cerning these concessions the Chairman's remarks were of an
encouraging character. * * * *
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