Orders for Midlands and Osaka, Nov. 22.
Lancashire An important change in the method of calculation of the price for Government purchases of gold from home producers is contained in a statement issued by the Minister of Finance, Mr. Takahashi, this afternoon.
He announces the decision henceforward to base the price of gold on the London gold price and the Japan-London exchange rate, instead of on the Japan-New York rate, og has been done in the past.
Furthermore, the price will be fixed and quoted per gramme, instead of per momme.
The new price for gold is fixed at Yen 2.65 per gramme, which is equivalent to Yen 9.94 per comme—Reuter, companies have received. oners facturers and Midland. engineering
amounting to many thousands of Pounds for equipment for the frst
fare to be erected in South China a number of cotton milly which the Chinese Government. a Platt Brothers, of Oldham, has} received orders "for textile. machi: ery, anda Midland company' is to opp the eleteeal apparatn i. Harold Briggs, of Oldham, a leading textile expert, has. been appointed technical adviser by the Canton "Government. He will sai for China.in Janvary. Mr. Briggs, interview, said' that the frst already being built, and the] machinery will be sent out" early next year.
Text read from the printed page and cleaned; old type leaves the occasional error.