Notes

Abstract

THE committee of users of dyes appointed to confer with the Board of Trade as to a national dye scneme has come to a unanimous decision in favour of the adoption of a scheme which differs in certain important respects from those of the scheme previously made public. The proposal is to form a company with an initial share capital of 2,000,000l., of which 1,000,000l. will be issued in the first instance.The Government will make to the company a loan for twenty-five years corresponding to the amount of share capital subscribed up to a total of 1,000,000l., and a smaller proportion beyond that total. The Government advance will bear interest at 4 per cent. per annum, payable only out of net profits, the interest to be cumulative only after the first five years. In addition, and with the desire of promoting research, the Government has undertaken for a period of ten years to make a grant to the company for the purposes of experimental and laboratory work up to an amount not exceeding in the aggregate 100,000l. The modified scheme has been received with more approval from users of dyesin Leeds and the district than the original scheme, and the feeling appears to be general that it will meet with aconsiderable measureofsuccess. Thegrantfor scientific research in connection with the manufacture of dyes is a particularly satisfactory provision of the new scheme.