London, Jan. 2.
The very gradual recovery and} expansion of trade in some industries, the large movement of funds in connection with Government finance and an immense turnover of money in the Short Loan market are ascribed as the principal causes—apart from the depression' caused by the dispute in the coal industry—for the large increase in the activities of the Bankers Clearing House last year as compared with 1926.
The grand total of cheques passed through the Clearing House last year achieved the record figure of 441,000,000, being an increase of 2.2 per cent over 1925, a normal year of business.
New issues of capital last year, with a total of £315,000,000, showed fan increase of £84,000,000 compared with 1928, The growth of business on the} Stock Exchange was reflected in al total of £3,980,000,000, turned over on settling-days. This exceeds the total for 1926 by £33,000,000 and 1925 by £240,000,000.
Text read from the printed page and cleaned; old type leaves the occasional error.