November 11, 1967 preference shares and even in equities has been supported by J D Choksi, chairman of the Investment Corporation of India, a large Tata investment company. He feels that the suggestion, if implemented, would divert a fair share of investi- ble funds into debentures and preference shares, providing thereby the beneficiaries of these funds with an increased return. While the Government may feel the consequent loss of support to its own securities, the growth of industrial capital would be promoted. Activities of the company during FROM THE CHAIR THE FOLLOWING statement by Mr. J K D Tata, Chairman of Tata Chemicals Limited, dealing with the Company's working for the year ended 30th June 1967, has been issued to shareholders. The Annual General Meeting of the Company will be held on Friday, November House", Bruce Street, Fort, Bombay