Show UTAH COPPER ON ONI I PARIS H Preparations for Its Listing in ini i French Fren h Capital Is Now Under Way 1 The New York TImeS Time TI of or Friday last lut has 1 1 1 th the following inter ting account of or the rt rd tape maneuvering that has to b be zone gone through rough t before the th shares sharee of oC the United States Steel corporation and the United i SUites States Rubber shares share can ean be dealt in inin inI int f I t 1 in III II Paris The last paragraph of the story Is the most interesting ot of all aft locally not oot notwithstanding t i withstanding IU Its brevity as it gives the first news that he shares of or the Utah Copper opper company are also In process of or listing on the bourse thure It was wa learned yesterday that the red rM rd tape incidental to the Hating of the th beat beaters ors ers certificates certificate representing the mono snares shares of United States Steel cornman comman tock stock which are to be traded in In Paris will postpone the actual market for tor these securities In the French capital until the fall The Bankers Banker Trust Truet company which is 18 the depository of ot the shares against which the certificates are issued is also the custodian of or shares of ot the pre preferred preferred stock tock of or the tho United States Rubber company of ot a par value of ot of or ori i which bearer certificates are to be traded in on the bourse bour e tomorrow or the next day for tor the first time Tills This company was wasI I the lint first Industrial Indu to use the plan now I adopted by the United States State Steel cor corporation corI I and made its application last November Maurice Leon of ot ro O Wall Wan street coun counsel count t eel sel for Zor the French banking house of or Du Dupont Dupont DuPont pont Furlaud which is the agent for forthe forthe forthe the nearer bearer of ot certificates of or the Bankers Thinkers Trust company explained some of the de do details d tails of ot the listing plan yesterday He lIe eald said that ac as a n necessary preliminary a full tuIl history of ot the company compan with certified copies of ot the certificate of ot Incorporation lists list of or assets and properties and other data must bo bJ filed tiled with the ministry of or for tor investigation and published In Inthe Inthe Inthe the Bulletin supplement of the official journal of the French republic which corresponds to our Congressional Congre Record N where here the facts may be easily accessible acce elble to all au French citizens citizen In addition similar Information must be ba submitted to the bourse bour e authorities and Arrangements made with the brokers on the bourse hours Finally responsible financial agents gents satisfactory to the government and end bourse officials must be appointed and guarantees guarantee must be given for the payment of or the annual stamp tax of or 6 centimes per francs of or capital j In the certificates or about 6 cents on every i share Other taxes are paid by the owners of the Certificates t These IMse include a transfer tax of or X 2 8 cen con ceni i times per francs franca tran or about 30 8 cents per 1 t share and nn nfl It Income tax of or 4 per cent centon centon I on the dividend paid The United States State Rubber shares are J represented by certificates made out In I denominations denomination of one share each in by th the depositary of or the original r stock tock the Bankers Trust company compan and f each certificate bears a number corres corresponding 11 to the number of or the Ute stock per j I The dividends are represented by coupons each payable by the Paris finan financial financial cial agent who w o in turn collects from the L company through the Bankers Trust 1 i company Mr Leon explained that the j I French Investor does not want to register t 1 his of or stock tock and for this rea rex reason 0 I I son BOn bearer certificates C are issued which J are transferable without red tape In addition to the United States Rub i ber her shares share U Bankers Trust company compan is also depository for tor shares share of the Utah Copper which ar are also In pro prot 1 J cess ces of or Meting Dating in on the bourse h t |