1 is impossible to estimate how many" engineers in embryo, have boon sreaied by the genius of Me. Peak Hornby, former "SEP. for" Everton but there will be no questioning the pleasure and Instruction he provided samshu now imported into the Straits is of lower alcoholic strength, than formerly. It is reported that the Production of beer at the (we Singapore breweries during 1995 was 45 per cent, higher than in 1994 and nearly three times that of 1933, The retail sales of opium dropped con= the problem was' envisaged by" Mf, Spinasse, Minister of Economy, on the lines of an embargo. on fold, accompanied by control of exchanges and of capital movements through the supervision of the big banks—a procedure which was expected to obtain the endorsement of the Communists who wish to maintain the unity of the Popular Front in' view of the importance of maintaining the gold stock. In effecting this Tead-Justment, Premier Blum" has measured his own political strength, and his organ "Lo Populaire" halls the beginning of monetary peace throughout the world, but as far as France is concerned, it will interesting to see the reaction among the French renters, small landowners and owners of savings who are most intimately affected" by" the new decree. A higher cost of living seems inevitable but, it is pointed out, one consequence of devaluation will be that the Government will make a considerable profit by revalorizing the old stock in the Bank of France, and this sum may be applied to" the stabilization fund and also for com pensations and subsidies,
Text read from the printed page and cleaned; old type leaves the occasional error.