1931-07-15 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Antherised Ongliei cost Tood and Yully Paid-up

Reserve Funds ---

Meling

}

6,800,06% $10,000,000

$44,666,850 – $38,000,000

· Monocre "Linh Qlly of Proprietors 34,000,

HEAD OFFICE: ZORO KORO.

BOARD OF DIRECTORS-

Hon. Mr. C., G. B. Markla. Obairman.

Hon. Mr. J. J. Paterson, Deputy Chalmia.

Mam. Mr. 4. B. Buil, T. E. Pearce, Eve. A. Compton, Zeq. 3. A. Plummm, Esq.

Lander Lewis, Pag. T. U. M. Shaw, Koq. *.' Miekin. Kaq.

<<NO?

BANGKOK

IBATAVIA

WOMBAT

GAILUTTA

BARTON ONEPOG COLUMBO

J. P. Warren, Boy.

Oklat Manager.

F. M. Omybum. Eig

DAIBEN

POOCHUW

НАРДСКО

SANDUBA

TIANKOW

HARBIN

HONOREW

14.01L0

Pun

JOHORR

LOTE

KOWLOON

.BRANCHES :--

KUALA LUMPUR

LONDON

LYDNA

MALACCA

MANILA

UAB (Jokora)

RUKDEN.

NEW YORK

PEIFING

PENING

RANGOOR KALGOM

JAN FRANCIBO

SHANGHA

KINGAPORE

RUURABAYA

SUNGE PATANI

TIENTSIN

TORTO

THI NOTAO

YOKOHAMA

* Currsat kecouple opened In Looal CurtaKOJ and Fixed Deppelte received for one year of short periods in Local Currena deng waters which will be quoted on application, Hong Kong, Wh February, 1981.

HONG KONG, SAVINGS BANK.

The Dundus of the shore Bank le condol

by the HONG KONG AND SHANGHAI BANKING CORPORATION, Bulas may be ablized on application.

FOR THE IONOKONG AND SHANGHAI BJNKING CORPORATION

V. M. GRAYBURN,

Hang Hong, Ith July, 1900.

Üble! Manager..........

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Boulevard Hausmann, Paris.

Subscribed Capital .Frs. 72,000,000.00 Fald-Up Capital.Frs. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00

Canton

Djibouti

BRANCHES: Bangkok Hong Kong Quinbon Battambang Ilue

Saigon anhho Mengtze Shanghai Nam-Dính Singapore

Thành Numca

Tientsin Fort-Bayard Papeete Haiphong Peking Tourane

Prom-Fenh Vịnh Pondichery Yunnanfa BANKERS:

Hankow Hanoi

d'Escompte de Paria; Credit Lyonnais;

IN FRANCE: Comptoir Nations Banque de Paris et des Pays-Bas Credit Industrial at Commercial; So- die Generale.

IN LONDON: The National Provin- e & Union Bank of England, Ltd; Comptoir National d'Escompte de Para; Gredit Lyonnais.

IN NEW YORK: J. F. Morgan & Co., French American Banking Cor poration; Guaranty Trust Co. of Now. York.

Interest allowed on Current Ac. counts and Fixed Deposite according to arrangements.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxos to let.

A. BONNAUD,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON. Paid-up Capital

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE Flong Kong Branch: 13, Queen's Rd. C. £3,000,000 Authorised Capital Straits $20,000,000 $4,000,000 Lasued Capital....

Paid-up Capital Reserve Liabilities

Reserve Fund

Reserve Liability of Pro-

priators

£3,000,000

of Shareholders'

Agencies and Branches:

Surplus ......

KUALA LUMPON

(Malay Males) !!

KUCHING

AMRITSAR

ΠΑΝΙΚΟΣ

MADRAS

DATAVIA

MANILA

DOMBAY

MEDAN

*NEW YORK

ALOR STÅR

DALOUTTA

CANTON

CAWNPORN GRAT

COLOMBO DAILEN (Dalny

Youth Manchuria)

DELET

HAIPHONG

HAUBERO

HANKOW

HARDIN

PEKING FENANG KANGOON

BAJOON

SEMARANG

SEBAMBAN

BHANGRAI

6INO PORZ

SITIAWAN

BOURABRIA

(N. Manchuria)

TAIPING (Y.ME.J

TIENTSIN

TOKYO

TONDKAH (Dhukel)

THIKOTAQ

БОБОЛАНА

TONG KONG

LLOTLA

[POB

KARADEL

KLANO

KOBE

KUALA KANGSAR

(Park PMB)

TAVOT

ZAMBOANDA

Foreign Exchange

(Pallippine Ideaits) '

and General Banking business transacted

Current Accounts opened and Fix-

ed Deposits received for 1 year or shorter periods at rates which will be,quated on application.

Acting Manager. Hung Kong, 28th May, 1991.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$226,097,892

Branches in

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY VENEZUELA

8,000,000

13

4,000,000

4,000,000

#

Commerce and Finance

LANCASHIRE AND THE EAST.

2,620,000 Candid Comments from

Branches, Agencies and Correspon dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

NEDERLANDSCHE HANDEL- ||

MAATSCHAPPIJ, N.V.

(NETHEBIANDS TRADING SQUIETY)

:

BANKEKA

Katablished 1994

Kong - Long - Office1-11, Queen't Houd Cansea). Authorias Capital

Fald-Up Capital

Gulider 150,000,000-

(231,800,000. Ouilders 90,000,000 (80,680,170)

(0,304,143

Best Fund Guilder 0,02,000

Head Offer:-AMSTERDAM* Eastern Head" OG00)—BATAVIA.

* Ikean, nikona have anda dapodi boxes to let. London Beakers (-National Provincial Bank LAG.

Cool over the world

- bualama of stary description transacted.

A. STOKKINE

Bo Kong, 18th August, 1900.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under special charter of The National Gov. *ernment as DU

INTERNATIONAL EXCHANGE

BANK.

Japan.

PRODUCTION COSTS.

TRUSTEE BANKS.

Increased Deposits of £10,600,000.

WEDNESDAY, JULY 15, 1931.

TEN MILES UP IN A

BALLOON.

"There, could Ee no`certainty," writes Major C. C.Turner, the Air Correspondent of the Dally® Tele- graph, "that the balloon would not.

Experiment More Value be driven over the sea. In fact, reé Than Polar Exploration cord altitude attempts are virtually

DESCENDING INTO FAME.

CAT

Professor Piccard and Dr. Kipfer

claim an accom- plishment which even Ja days when records of

out of the question in England on account of the ser dangers. The Swiss scientists had drifted Alps- | wards, and eventually the sea would

be reached.

"Discarding the usual sand bal- last Professor Piccard took lead įdust, which, weight for weight, cc. the cuples much less space. Water varl-ballast is out of the question be- Sir Spencer Portal, the Chair-jous sorts are broken like egg-cause it freezes. On one occasion man, speaking at the annual meet-shells is unique," says the Man myself was in a balloon the ballast ing of the Trustee Savings Banks chester Guardian. "Man in his froze at high altitude, and imposed of which was damp sand, which Association, in Belfast, stated that romantic moments must always the necessity of throwing out 80 lb., The Japanese papers give the Trustee Savings Banks had had wonder what lies beyond, and how lumps instead of loose sand by the

report of the a record year with an increase of the instruments by which he mea comments. on the

handful!" Cotton Mission to the Far East £10,629,244 in the funds.

sures the conditions of cxistence on? "It gives us reason to hope this small planet will behave t which are worth quoting:-

some

shali reuch According to the Japan Weekly that

mark within

the Chronicle, Japanese traders view £200,000,000 two

he said, years," the report not as "A new proposal next

total funds aggregated Languehire "for our but as a warning to

outcome traders. The whole

de 178,672,619 over six months ago."

не

the translated to realms that are the

conjecture of the scientist.

methods.

able.

"I think that

our figures show

"He tends in our time to wonder more and more. The conquest of the

The Cosmic Rays.

phenomena which Piccard and Kip.

18

we are still unconscious, of whose very existance we have only known for a few years.

"These cosmic rays are certainly

"The importance of conditions in the

upper atmosphere to the meteorologist is evident," pointe out the Daily Herald. "Every modern schoolboy knows of "Heavisido layer' and

in 19 aignlâcance

wireless penda entirely upon the practi- "If we seek the reason for this the air that surrounds our planet its

There

who be cability of the recommendations-a remarkable advance during a year has made us.

are geologists US ambitious 04 reduction of production costs, which will surely be regarded as Phaeton.

lieve that the explanation of Ice- If we can get about atges must be sought far above the BRANCHER- Bandlermain. Bander Bombay conversion from high to low grade one of the blackest that the indus- ever-increasing speeds in the at surface of the earth.

·J. STUART,

Calotilla Chariben, Diambar, i articles, and a reform of marketing tries of our country and of the mosphere to which we are accus. {akaria". The Hague*eddah, Kobe. Keta-Radja, Mahamaya kadan, Padang

world have ever known," Str Spen tomed. It is high time to test tha . "But most fascinating of all the Polocabang, Fikslo, an,

Commenting on the report, Mr. cer said "we must admit that the possibilities that space itself may fer set out to investigate is that of Pontianak, Bangood Mostardam”, Barang,

BbFukumoto, of the Dainihon Spin- stopping of the normal outflow of hold. We lift our eyes not only to the (Gumatza). Blagape

Bourabais Sasmakaria (Bold), 7a 8, ritmap sad ning↑ Company, 'saya

that the

money into Industry owing to trade the hills but to the stars. Astrono- cosmic rays those strange Weltevreden

reduction costs is highly de uncertainty, and falling prices is my in, the hands of our Jeanses rays which are continually piercing. sirable, but ita. practicability

and everything around partly responsible.

becomes an interest of the mau through and through, but of which is more or less doubtful, con-

"But that is not the only reason the street. sidering the prevailing labour for the advance. The Trustee

"The chances of propelling a ma and economic situation in Bri-Savings Banks always have been terial object, with or without life tain. Operatives, for instance, and always will be primarily the in it to a neighbouring planet are have been opposing any increase of banks of people of comparatively seriously canvassed. The possibi looms per worker, and in such cir small means, who want a place lity of at least a mail service by something fundamental in the struc-. cumstances it will be very difficult

They can where they can put their savings rocket from America to Europe iature of our universe. to effect a cut in costs. Reform of

that they, will be discussed in terms of exact science. best be studied at great heights and be ensured methods of production and market-

above the earth. secure, will be yielding a reasonable ing was suggested by the Cotton return, and will be easily withdraw May Affect the Letter-Post. ⠀ "Piccard und Kipfer went daring- Mission last year; but nothing has

"It may well be that men wholly into the gre spaces in quest of so far been done.

Mr. Fukumoto does not like the that these people are coming to us saw the first heavier-than-air ma- knowledge of the very stuft of tion for concentration on low qualitying increasing amounts in spite of later years be accustomed to have "Others will follow. where they goods. Britain, he says, is known the difficult times." Subscribed Capital....$25,000,000.00 for the quality of her exports, and

their letters shot across the ocean have led until the secrets, of the air in a projectile which describes a have been-fully probed. It must Fald-Up Capital.....$24,710,200.00 ought to make efforts to further Reserve Funds ....$ 3,820,503.82 business in the high quality lines, There had been a cry recently parabola that takes it far outside ever be so while man remains inan, the unquenchable leaving the low quality grades to that the nation was saving too the atmosphere in which we live, consumed by lust to know." loss advanced countries. It 18 much, but spending for the sake of breathe, and have our being.

"But a first condition of such pro doubtful whether Britain can com- spending was useless, he said. pete with Japanese spinners in

True economy had been defined gress must be a testing of the upper More Penetrating Than X-rays.

That was the object Professor J. R. Partington, of the cheap grade cotton goods.

as "saving numerous pence to spend atmosphere.

.ol the adventure that has London University, in an Observer The Labour Handicap. effective pounds." Owing to our numerous branches in

The interview, Says: They had been able to en-operate held the world's interest. tomers the services of the Branches China and large connections in the im- Mr. Fusojiro Abe. president of of the International Banking Corpora-portant

commercial centres of the the Toyo Spinning Company, and more closely with the National courageous scientists who under tion in San Francisco and Spain and world, we are able to extend to our

The re which are very penetrating, and New York (France); SA, in Faris and foreign banking and exchanges. also of The National City Bank of clients special facilities for domestic chairman of the Federation of Mas-Savings Committee and the Scottish took it have got farther from earth four distinct types of cosmic raye,

tor Cotton Spinners, said that mas Savings Committee, and the coun- than man has ever done. and Nica.

We also handle the issue of Bonds ter opinners in Britain are decided- try should benefit by the introducsults of their recording will be will pass through matter even more

of awaited with great Interest," easily than the X-rays. F. McD. COURTNEY,

and other Public Funds of the Chin-ly at a disadvantage in the matter tion, particularly into schools, eso Government both at home and of labour. The trade union system savings

associations and, penny "No Polar explorer," says "These rays would, for example, Hong Kong, June 16, 1981.

SHOU J. CHEN,

is so influential in Britain that they banks, combining the advantages of Yorkshire, Post, "faces more severs ready pass through the aluminium conditions than those who venture sphere in which Professor Pic- Manager. cannot compete with other countries both organisations.

They read of people of small into the upper air; for not only is card ascended, Professor Piccard, Hong Kong, 5th March, 1931. freely. In his opinion whatever,

measures are taken, Lancashire will means who had lost their envinga by the temperature of the upper air in his ascent, would have had be unable to compete on level terms sending them for investment to below that ever recorded on earth, unique opportunity of testing them, with Japan, just as Japan will be at firms which had subsequently failed. but there is also the reduced presand it is much to be hoped that a disadvantage compared to China, How many people knew that Gov-sure and lack of oxygen. When he he has done so.

"Cosmic rays are extremely in- Evidently Britain is alive to this ernment stock could be bought as flies' above 20,000 feet, the airman'

cheaply and ae cen- must take oxygen the whole time, teresting because they are suppos- point, for she is always trying to safely, as bring labour conditions in the cot- veniently as possible through a and must be protected against the ed to arise during the creation in cold, for if any part of his body is space of the atoms of common mat. ton industry in the Far East up to Trustce Savings Bank?

It was announced that a new bank exposed for the smallest interval of ter, such as helium, oxygen, nitrogen the British standard. At the recent

and iron, from the protons and elec- general meeting of world cotton will be opened at Portsmouth, and time it will be frost-bitten.

"The value of these voyages of trons out of which the atoms of spinners, the British delegates pro. that a London office had been open- posed the abolition of the two shifted.

discovery cannot be exactly estim-all the elements are supposed to

British Economic Mission's sugges-in increasing numbers and are say when they were young will in their world.

¡ chine rise from the ground being, of the very bases of the

INDIA ITALY JAPAN

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfera bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- At rates that elgn currencies taken

may be ascertained on application to the Bank.

We are also able to offer our Cas-

THE

Manager.

AMERICAN EXPRESS COMPANY, INC.

Hend' Office: 65, Broadway) New York.

Manager.

Hong Kong, 1st May, 1081.

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880,

Capital (fully paid-up) Yen 100,000,000 Reserve Fund

Yen 116,000,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin Bombay

Calcutta Canton Changchun

Manila Nagasaki Nagoya

Newchwang

New York Osaka Peiping Dairen (Dalny)

Rangoon Fengtien (Mukden) Rio de Janeiro.

Намфите

Hankow

Harbin

Home Kore

Honolulu

Kal Trea

Katachi Kobe

London

,

Los Angeles

Lyons

San Francisco

Seattle

Semarang

Shangbal

Shimono all

Singapore

Soerabaya

Sydney

Tientsin

Tokyo Taingian Interest allowed on Current · Ac-'

counts.

Deposits received for fixed periods at rates to be obtained on application.

H. MORI, Drag Manager.

Hong Kong, 11th April, 1881.

Amsterdam Answerp

Athana

Berlin

Elarite

Bombay Ba Denizde Busca Ale Oxico Clelia Свиам

Dolembe

,U.S.$6,000,000 U.8.$1,572,464 U.S.$1,908,209

BRANCHES

$600

Olago Haraza Hamture Harre

Interlaken Jarunaluch Lide Loadon Liverpool Luthe.. iourse Leso Starecilles

Costantinople Monte Carlo

Hanlie

Dopanta

Edinburgh Poros

Kuulah Мо Milea

Nice

Displea

Pireux

Pale Fo

Paking

Rotterdam Rama

Bamboni

Shaggal douthampton Singapore 21. Norlis

Tulas

Vienna

Tralos

Kurio

Brunches of American Express Company in Principal cities of Unit ed States of America and Canada.

4

All classes of Commercial Banking Transactions undertaken.

Personal bandled.

HEAD OFFICE: SHANGHAĻ

· HONG KONG BRANCH:

abroad.

4, Queen's Road Central

THE BANK OF CANTON, LTD. Established 1912.

Head Office: Hong Kong-

anthorised Capital (H.E. Currency) $11,000,000 Paid-up Capital ......

2,645,000 Besary Fund

1,100,000

BRANCHES --

Baston, Shanghel, Bank, Swain, Baoghal, Nock and Ean Francisco

CORRESPONDENTA.

LONDON BANKERS --

The Lloyd's Bank, Limited

In all principal nikion of the World.

Forsign azokange and banking business o every stripiion transsciad,

Bate Depola Botas (various sinen) ni u zóny

maal, if from $5 to $0.

LOOK POONG SHAN,

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formoss.

Incorporated by Special Imperial

Charter, 1899. ·

Central Bank la Forstore.

BRANDNES AND AGENCIES: JAPAN:—Tokyo, Yokohama, Kobe, Qual

Bank-Noise Leeued Ararage amount In. 45,000,000

accounts 17oROSA, Investment

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide services

partment.

system, a proposal undisputaby

almed

2.

True Economy.

the

"Coming from space there aro

In a letter of congratulation to sted; but it is certain that at ex-be constituted..

а

"It is supposed that this buliding at Japan. Britain is now Sir Spencer Portal, Mr. Philip, treme altitudes much remains to be

that 238,000 new learnt about weather conditions.ap of matter is taking place in busy demonstrating the application Snowden stated

accounts were opened during the Meteorologists are seeking informa- of the eight-hour system in China.

mers, in particular, would be great-

we

In his opinion, Britain will be year, and that it was a matter of tion about temperature and wind space, and this process is revealed Chief Manager, unable to regain her market in the special note that the Belfast Savings velocities, which they hope will to us by the cosmic rays. Astrono ly interested if Professor Piccard Fir Ekat unless she makes drastic Bank should have succeeded in in-throw light on certain aspects of

has been able to make any obser- reforms in the field of production, creasing its funds by over £600,000. their work.

"I venture to pay a special "The small sounding balloons vations in this direction. When he Conversion to low-grade articles is mere patchwork, Mr. Abe thinks tribute to the wisdom and initiative have gone higher even than Profes has had an opportunity of placing: As regards marketing methods, he of those who direct the policy of sor Piccard is said to have gone, his results before the world

Mission's con- your Association," added the Chan-and have carried recording instru-shall, no doubt find that he has ments to altitudes of more than enriched our knowledge of the recalls the British fession that Britain is skilful in cellor.

But there are limits to universe to a very appreciable ex- has a poor

70,000 ft. manufacture, but

the technique of automatic record-tent.". aptitude for selling. The suggested roform may be of use to make up SUGAR BEET CROP.ing, and much more can be done by

"The full acientific value," 48- laerts a Home paper, "of Professor the human observer. her shortcoming.

Another verafon of Mr. Abe's

Where Balloon Beats Aeroplane. Piccard's flight cannot be known "It is curious that the balloon, until later, but he declares that he which has been abandoned as a seri- reached the height at which he was aiming-approximately ten miles ous transport vehicle, should alone from the surface of the earth, as be capable of attaining extreme al- titudes, and that the aeroplane is high as Aconcagua piled upon Everest--and obtained important Préparations are already being as yet unable to do so.

scientific data. made in connection with the trans-son is that the areoplane resembles

"But until the results of their port of this year's British sugar more closely the human machine observations can be scientifically beet crop from field to factory at than does the balloon, and so is more

tabulated the world will be content the end of the Summer.

affected by want of oxygen and re-

thene pioneers "The amount of land sown this duced pressure.

As it rises the to congratulate season is about 280,000 acres," an power of its engine, which burns upon the audacity and careful"cal- agricultural authority told a Morn- oxygen even as does the human culation, that have already made the flight a milestone on the road ing. Post representative. "This is being, is reduced.

Kagh Karenko Keelung, speech Bays: "The Inbour condt Kalong, Wanto, Buluckily, Tanhu, Tainations of Lancashire are very 'un- Takso. Tazosal, Tom, Halie, Tallo, CHINA. Bankow, Amoy, Foochow favourable compared with these of

walow, Canion. EE18-Hong Kong Singapore, Sorbars, China,, in which the Japanese spin-i

Gemsmagu, Datarie, Bocchey, Cloning coinpanies have their

EDDOX BANKS

mille. Lancashire companies will

Lasdan, Are Tak

Commercial Centre throughout the world.

K. KAGURA.

Масадок.

A

own

of its thoroughly equipped, Travel Da-The London County Vestminster and Per's Rank by no means be able to compete with The Rack lasi Correspondan is in all the propel the Japanese mills in China unless they start their own mills in China to meet the Chinese demand." An American Comment," An American commercial com ment (in "Barron's," of New York) OF}}

THE CHASE NATIONAL BANK

Resources

Affliated with

Over, G$2,500,000,000

C. H. BENSON.

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central,

· Capital and Burplat

Total Resouron

HONG KONG

orer E.$ 8,000,000.00 over 1.$30,000,000.00. description of Banking, and Exchange business

„tranis

rent and

Deposit Accounts in local and for

Hand Bafe Deposit. Bozzi, Arencies all over the world,

KIAN, TONG PO.

HONG KONG BRANCH

25, De Vaux Bosi Dextrol. Hong Kong/17th Jamury, 1208.

THE MERCANTILE BANK

INDIA, LTD.

HEAD. OFFICE ↑

15. Ürsonchard, Byrnes, Lock, EL.C.B.

Authorised Capital

33,000,000; Bubicribed Capital 1,800,000° Paid-up Capital

1,050,000 Reserve Fund and Rest 1,666,945

"The Bank of England 22. Midland Irak, LAL -Banglch "*.

Pisang (229

Shangha Birala

∙Caloutta.. * Kota Bhar Colombo, Kuala Ked Palki? Fusta Lipia CANG PANAS, Kuala Lumpur How Long @Kunnian (Fabang)” Elagspóro Howrah Madona.20 | Bourabaya

PHONG-LONG, BRANCHLINE

Bryoption of Basking and Exchange bom „Trustees and ↑ Executorships ander

90,000 Fewer Acres Sown This Year.

The rea-

The Lancashire cotton Industry is about 90,000 acres fewer than in "The thrust of the airscrewv is of human endeavour." going through a period of heart- 1930: but it is considerably more diminished, for the blades are set searching consequent upon. the than was expected; in view of the for the denser air near the ground In order to allow the machine, to alump, and schemes of rearganisa low price of sugar.

tion are the main topic of the day. "Farmers are being communicat- take off well, and are consequently In an industry with such indivi-ad with this month with regard to unable to grip the rarefied air of dualistic traditions, it fe easier to the acreage they have laid out in the extreme altitudes. Similarly propound remedies than to get con-order that the factory authorities the wings, which were capable of certed action to put them into prac may know what to expect from each supporting the aircraft with full tico Apart from the good work district.

lond at ground level are scarcely

done by the Joint Committee of "At least 30 special trains will be able to hold it up at or near its Cotton Trade Organisations and the running every week during the "eclling to use the airman's ple- formation of the Lancashire Cotton three months of the season, and the turesque term for the maximum at- Corporation and the Combined big factories will be unloading up tainable beight. In Service flying Egyptian Milk, Limited, no very to 800 waggons a day, my this effect of the rarefied air at tangible results have so far emerged "It is probable that at the pre great altitudes is of especial im- from efforts to reorganise the In- sent time beat cultivation sets more portance, for it affects the powere dustry. There is a tendency to let wheels turning in industry in of manoeuvro of the aircraft. At things drift in the hopta of a frade general than any other agricultural its celling an aeroplate which at- the meantime to product. The direct employment tempts to perform those evolutions for sil, the Indus alone is considerable. The position, which it can do easily near the deflationary policy however, Is rather uncertain, as the ground may lose dying speed, stall and the Bank of subsidy is due to ease in 1934, and and drop some distance before re-

the sugar market ir depressady gaining flying speed.

the Frandi

Sakland

GET Frères

PIPPERMINT The Queen

Creme Menthe

An exceïant digestin takan nang The most refrashing

leng drink when

Laken with Soda Water

at Revier (11) Gar Sby GET:Frànesisines.