Word: prospectuses
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...Secretary of State for Foreign Affairs (see p. 19) toiled most of last week at the congenial task of earning $125.000 by his efforts to win an appeal in the case of famed Baron Kylsant of Carmarthen, sentenced to one year's imprisonment for sponsoring a misleading stock prospectus (TIME, Aug. 10, et ante...
...John, arguing for Lord Kylsant before Mr. Justice Avory of the Court of Criminal Appeal, lightly brushed aside the fact that some thousands of small investors bought British Royal Mail stock on the basis of the offending prospectus and lost most of their investment. "Surely it is a sad thing," cried Sir John, "if something economical in its information [the prospectus] is to be declared a falsehood. . . . Every word, every figure in the prospectus was accurate. . . . The average of ten years earnings by the Royal Mail which it contained was absolutely correct...
...iciest tradition of the British bar. For fully 40 minutes it was impossible to tell whether he was granting the appeal or denying it. But at last Mr. Justice Avory came to his passionless point: "In the opinion of this Court there is ample evidence . . . that this prospectus was false in material, particularly if it conveyed a false impression...
...support the company, to use it partly as an outlet for opera talent in the Curtis Institute of Music. Proof of the company's security and artistic prestige is to be had in its plans for a new $6,000,000 opera house, in this season's prospectus: Twenty operas have been announced, among them such ambitious undertakings as Richard Strauss's Elektra (scheduled for its first time this week) and Alban Berg's Wozzeck.* Famed Contralto Margaret Matzenauer will be one of this year's singers. Conductors will be Fritz Reiner, Eugene Goossens, Alberto...
Observers hastily looked at copies of the latest prospectus of the Philadelphia Orchestra. In it appears the name of Leopold Stokowski, "musical director." But the list of directors for the coming season, including Musical Director Stokowski, appears under the plain, old- fashioned heading, "Conductors...