London, Jan. 17.
As an outcome of the formation of the committee under the chairman-Ship of Sir Stephen Demetriadi, established in 1920, to discuss the conditions which certain shipowners endeavoured to impose regarding India and homeward bills of lading, a Federation of British Traders' Association was formed today, comprising prominent members of oilseed, cotton, tea, jute, and shellac associations. The inaugural meeting passed a resolution' urging legislation on the lines of the Imperial Shipping Committee's report, declined to accept the Hague rules regarding bills of lading and offered to meet the shipowners 10 discuss a definitive form of a bill of lading acceptable to both sides.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.