NEW ISSUE.
An issue, of which the preliminary notice appears on p. 31, will be made on Monday next of 125,000 8 per cent. Cumu- lative Preference Shares of £1 each, and 62,500 Ordinary shares of 18. each, in Anglo-Continental Grape Products, Ltd. The prospectus will state that the company, which was formed only seventeen months ago, has reached the production stage and that the whole of the output for the next six months has been sold under firm contracts, while an ample supply of raw constituents is assured. Applicants for the £1 8 per cent. Cumulative Preference shares are entitled to apply for one ls. Ordinary share for every two Preference shares. Apart from this the Preference shares confer the fiirther right to each holder to subscribe in cash for four Ordinary shares of ls. each for every Preference share held by him at the price of 4s. per ordinary share, which right is exercisable on December 31st, 1930, on giving notice within ore month prior to that date.
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