ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Polychem Limited-Statement of the Chairman Shri Ramdas Kilachand

September 9, 1972 INVESTMENTS Total investments of the Trust (Unit Scheme 1964 and Unit Scheme 1971) as on June 30, 1972 amounted to Rs 119.26 crores as compared with Rs 105.14 crores at the end of the previous year. Dining the year, the Trust's un- THE following is the Statement of the Chun man, Shri Ramdas Kilachand at the Sixteenth Annual General Meeting of Polyehem Limited, held on Wednesday. September 6, 1972:

Unit Trust of India-Statement of the Chairman, Shri J S Raj

advanced in the rural sector has been progressively increasing over the last two decades. Therefore, the policy of differential rates of interest, it it is to fulfil its objective, has to be combined with the rationing of credit with a view to reducing the dependence of the weaker sections on the. private sources.5 Co-operatives and commercial and nationalised banks should be reuired to allocate to weaker sections a specified proportion of the total credit advanced6. Such rationing would restrict the scope for relending of credit taken from institutional sources by the richer sections. Insofar as credit availability is increased significantly for the weaker sections, their dependence on THE following are extracts from the Statement of Shri J S Raj, Chairman, Unit Trust of India:

Poysha Industrial Company Ltd

and forbids sell discipline in pricing and distribution. The Company law is another example. It has the most laudable objects and the newly proposed set of regulations is certainly motivated by the same considerations. For example, the provision regarding unscrupulous takeover bids is bound to have a salutary effect. On the other hand, provisions like further administrative controls, dividends, deposits, etc, will further hamstring Company managements. The danger of such regulations is that while aimed at unscrupulous elements, they basically affect the scrupulous because the unscrupulous always find a way to be a step ahead of the regulations.

The Jay Engineering Works Limited

The Jay Engineering Works Limited Statement of the Chairman, Lala Charat Ram THE following is the statement of Lala Charat Ram, Chairman, Jay Engineering Works Limited, delivered at the Thirty- fifth Annual General Meeting held at Calcutta on August 29, 1972:

The Mettur Chemical and Industries Corporation Limited

Corporation Limited Review of the Chairman, Sri S Narayanaswamy THE following is the Review of Sri S Narayanaswamy, Chairman, The Mettur Chemical and Industries Corporation Limited, held at the Registered Office of the Corporation, Mettur Dam R. S., on Friday, July 28, 1972:

The Tata Iron and Steel Company Limited-Statement of the Chairman, Mr J R D Tata

The Tata Iron and Steel Company Limited Statement of the Chairman, Mr J R D Tata THE following is the Statement of Mr J R D Tata, Chairman, Tata Iron and Steel Company limited, for the year 1971-72:

Mukand Iron and Steel Works Limited

Mukand Iron and Steel Works Limited Statement of the Chairman, Mr Viren J Shah THE following is the Statement of Mr Viren J Shah, Chairman, Mukand Iron and Steel Works Limited, for the year

Premier Tyres Limited

August 26, 1972 a programme of assistance to promote widespread entrepreneurial activities, Nearly a hundred and fifty factories in the Greater Bombay area and the Thana Belapur belt have benefited by this Programme.

The Indian Hotels Company Limited

Statement of the Chairman, Shri J R D Tata THE following is the Statement of Mr J R D Tata, Chairman, The Indian Hotels Company Limited, for the year

The Tata Oil Mills Company Limited

tial commodities out of the reach of the common people Whilst the tinplate packaging industry has been suffering from these excessive levies, shortage of raw materials and "penal" treatment from the Government, new packaging materials have arrived on the scene, the prices of which have remained much more stable than tinplate prices. For example, while tinplate prices have recorded an increase of 235 per cent between 1961 and 1972, the prices of polyethylene and hoard have risen only by 39 per cent and 47 per cent respective ly. Thus an imbalance has resulted, further aggravated by 10 per cent excise on tin containers, which weighs against the tinplate package and will continue to affect the tinplate producing and converting industry; yet tin- plate is expected to remain the main packaging medium of the 1980s and beyond. Government should help industry by allowing different packaging materials to compete freely with one another on the basis of their inherent strengths and weaknesses and not by artificial pricecost differentials through fiscal measures.

The Andhra Bank Limited

Speech of the Chairman, Shri K Gopal Rao THE following is the Speech of the Chairman, Shri K Gopal Rao, at the Forty-eighth Annual General Meeting of the Shareholders of The Andhra Bank Limited held at Machilipatnam on July

Straw Products Limited

Straw Products Limited Address of the Managing Director, Shri Hari Shankar Singhania THE following is the Address of Shri Hari Shankar Singhania, Managing Director, at the Thirty-third Annual General Meeting of Straw Products Limited, held on June 29, 1972:

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