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New Capital I ssues After
War
MELBOURNE, September 25. |
Apart from recovery in company pro- <*>
fits to come from an expected gradual
post-war reduction in taxation, and from
an Increase in business activity, it could
be expected that many companies would ?
later be matin* new capital Issues, the
chairman of Australian Foundation In
vestment Co. Ltd. (Mr. S. Ricketsom said
at the annual meeting today. These
new Issues should be necessitated by
the great expansion In Australian secon
dary Industry that appeared almost as
sured In peacetime conditions. The
need (or tapering off the system ol ri?id
ceiling prices on the Stock Exchange
was urgent, and should be becun without
delay
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