The formation of the Lancashire 4 Cotton Corporation. Ltd., is hailed with much satisfaction. " Attention is drawn to the powerful board directors and to the invaluable bad ing which the Corporation. is. re. ceiving from the Bank of England, which is a novel feature in such finance, That the banks interested 4 og the largest and best secured creditors, agree to accept income debentures instead of ordinary es: importance. It is poi tures Is regarded my a matter of
that the root of the problem simply one of the price for the finished product and that, even if Lancushire cannot touch india and Japan in the coarser cotton ood, she may recapture the trade she has lost in other ranges of piece-seeds since the War ant soon bein to make up the enornious losses she has had in the China trade,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.