Part 3 — XVIII
Vyvyan Beresford Holland translation
GOSSIP FROM THE BOURSE
Everyone knows that there has for some time been talk of a fusion between the Apostolatos Bank of Trieste and the great French firm, the Franco-African Bank; we think we may safely say that this will soon be an accomplished fact. The new combine will take the title of MEDITERRANEAN CONSOLIDATED. In the course of the Extraordinary General Meeting, which is to take place next month, it will be suggested, if our information is correct, that the shareholders shall be entitled to receive one new share for two old ones, and one new share for four old ones, of the Apostolatos Bank and the Franco-African, respectively. Shortly after these come on the market, which will be about January, we are confident that the shares of the new combine will be quoted so favourably that they will be sought after as gilt-edged securities.
(Financial Information.)