Word: aitkens
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Dates: during 1930-1939
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...Canada's venerable Price Brothers & Co., Ltd. (newsprint) was finally settled. Suffering from the gutted newsprint market, Price Brothers defaulted on its bonds more than a year ago. Britain's potent publisher, Canadian-born Lord Beaverbrook, whose papers used Price newsprint and whose brother Allan Anderson Aitken was a director, tried his hand at reorganization but was blocked by the bondholders. Last April Price slipped into receivership. Other interests including Duke-Price Power (Aluminum Co. of America affiliate) wangled for control. Last week the bondholders committee sold Price Brothers to 55-year-old Bowater Paper Mills of London...
...great that it will pass into the hands of its bondholders unless aid is forthcoming. Common and preferred stockholders may be called upon to assist. A committee was formed to protect preferred stockholders. One of its members is a representative of Lord Beaverbrook's London firm of Kitcat & Aitken (not to be confused with London's famed Kit Cat Club...
Beaverbrook Blocked. The difficulties of Price Bros. & Co., Ltd., Canada's old newsprint firm, seemed ended when Lord Beaverbrook had a new directorate elected, his brother AllarrAnderson Aitken made president, and then suggested a plan of reorganization (TIME, June 13). Last week Lord Beaverbrook abruptly announced that his plan had not been acceptable to "several security holders and some of the creditors," had therefore been withdrawn. Chief features of the plan were to postpone sinking fund payments for five years, stop preferred dividends for five years, pay off creditors with income debentures (interest dependent upon earnings...
...Christian group banned Sunday funerals, but not with the purpose of depriving any one of Sunday pleasures. For three years the Ministerial Association of Lincoln, Neb. has worked for a city ordinance prohibiting Sunday funerals. The Lincoln City Council unanimously approved an ordinance drafted by Methodist Rev. Walter Aitken, Baptist Rev. C. H. Walcott, and G. T. Slavery of the United Brethren. Lincoln ministers feel they are busy enough with Sunday services, baptisms, christenings, church-meetings, vespers, Sunday schools, Bible classes. The ordinance takes effect next week...
Allan Anderson Aitken, 42, younger brother of Lord Beaverbrook (William Maxwell Aitken, 53) was elected president of Price Brothers & Co. Ltd., 115-year-old Canadian newsprint and pulp firm, succeeding Lieut.-Colonel John Herbert Price, grandson of Founder William Price. Mr. Price was made operating vice president. He resigned from, the directorate, making way for Lord Beaverbrook. These and other changes were thought to mark assumption of the firm's management if not stock-control by Lord Beaverbrook. Significant were Lord Beaverbrook's statements that no mergers or combines were in the offing, that "Price Brothers will...