Report of Royal Commission to Inquire Into Industrial Disputes in the Cotton Fac

Cover Report of Royal Commission to Inquire Into Industrial Disputes in the Cotton Fac
Report of Royal Commission to Inquire Into Industrial Disputes in the Cotton Fac
Canada Royal Commission On Cotton Factories Indus
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What is the total preferred stock and bond issue of the Dominion Textile Company? A. The preferred stock amounts to $1, 858, 088. 33. The bonds of the com- pany amount to $3, 011, 916. 67. Q. Do you know how that compares with the total stock issue of the four cor- porations which went to make up the merger? A. The stock of the four companies was bought at different prices. We paid $120 for the Montmorency. We paid $167 for the Colonial Bleaching and Printing Company. We paid $85 for the Mercha...nts and we paid $50 for the Dominion. Q. Would the preferred stock and bond issue amount to within half a million of the total issue of the four corporations that went to make up the merger? A. It would be within half a million of the purchase price. Q. Are there any bonds of those old companies still outstanding? A. Yes. Q. Bearing interest? A. Yes. Q. Is that interest being paid from the earnings of the present Dominion Textile Company? A. In connection with the Merchants Cotton Company and the Dominion Cotton Company, there were some shareholders who did not come in.

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