* * * * INDerwrium. FUSIONS.
A small announcement made recently is not. I think, without its importance and significance. It was notified that the British Metal Corporation had acquired a share interest in the Norddeutsche Affinerie of Hamburg. The British Metal Corporation was registered at the end of 1918, its declared object being that of supporting and sustaining the trade of the United Kingdom in non-ferrous metals, and also of securing for British manufacturers the raw materials needed for their trade, while a further object was stated to be that of developing and extending the mineral and metal production of the Empire. The concern of which shares have been now acquired by the British Metal Corporation is an exceedingly important one, and I fancy that it might be a good thing for some of our big iron and steel industries here if economies were reached not merely along the lines of local fusions, but -possibly through -working arrangements with some of the kindred concerns in other countries. That, at all events, is what seems to be going on between some of the industries in France and Germany, and the effect must be to increase the power to compete with this country. * * * 0-
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