London, June 20.
'The net profit o tthe P. & 0. Banking Corporation for the year lended March 31, 1925, totalled £136, 215. It is proposed to declare @ divided of five per cent. and to ear-forward £17,584. In connexion with the placing' of £25,000 to the reserve and writing off85,000 from! Premises, it is noted that these foreuses, without doubt, have bosn made as @ matter of prudence view of the unsettled conditions in the Far Sast—Reuter.
Serious Effect on Industry of Disturbances in China.
London, June 30.
In the House of Commons to-Jday, replying to Mr. P. J. Hannen (Conservative) who drew attention te the serious effect of the: disturbances in China upon the Lanjeashire cotton industry, Mr. A. Samuel, of the Department of Overseas Trade, said that the Government would of course take any Jsteps in their power to safeguard these and other British interests, Over 84 cor cent. of Lancashire spinners of American colton have given an undertaking asked for by the Federation of Master Cotton-Spinners' Ascociations to reduce working hours by 8 S-4 a week, is stated that owners of 2,000,000 spindles outside the Federation also have signified their willingness to carry out the undertaking, The now hours will operate from July 6—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.