Word: allarranderson
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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that his plan had not been acceptable to "several security holders and some of the creditors," had therefore been withdrawn.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...
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