At the annual meeting of the Peninsular and Oriental S. N. Ca., Ld,, Lord Incheape, the Chairman, guardedly foreshadowed a reduction lof 25 gold centimes per ton on the Suez Canal dues, which will then bbe 73 francs per ton compared with J64 francs in 1914. Lord Inchcape hoped that if trafic continued to improve a further reduction might Ibe made before long and eventually, reach 5 franes per ton.
Reviewing the affairs of the Com-_ jan said that. the not been derived from working profits, but from the Company's investments and other sources such us dividends from allied lines. Lord Incheape Jasserted that the remark made at last year's meeting applied to-d namely, that with a few exceptions ithe earnings of every voyage had fallen short of the disbursements.
feared that years would elapse Jucfore restoration of pre-war con-
Rome, Dec. 7—The British Delegation to the League of Nations' Council, headed by Mr. Austen Chamberlain, the Scerétary of State for Foreign Affairs, has arrived Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.