Business: Personal File: Mar. 2, 1962

∙ Of all the cries of "monopoly" aroused by the attempt of Britain's mighty Imperial Chemical Industries to swallow fibermaking Courtaulds Ltd. (TIME, Jan. 26), the loudest have come from mild-mannered Avison Wormald, 49, managing director of Fisons Ltd. another multimillion-dollar British chemical company. A onetime boarding school teacher who sparked Fisons to much-needed modernization and expansion. Wormald accused I.C.I, of wanting "to obtain complete control of the manmade fiber industry in this country in order to participate in a European fibers cartel," predicted that if the merger went through, "every important chemical company in Britain will ultimately succumb." Last week,...

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