Tue Exctisn Recau ano Crows Jewns Twining, Tandon 6 be adopted by Indian firms.
Many, attacks have been made on the manajing-agency system and they have been supported by a considerable weight of authority. The author, therefore, hag rendered a service (0 Indian Industry by examining the system in a dispassionate way and attempting to analyse its qualities. He comes to the conclusion that the managing-agency system will con-Hinue to exist for a long time, most certainly in Bengal, and it will go on functioning in Bombay and other parts of India, "It can justify itself By performing the useful function of ce-ordinating and centralizing control fu administration on economical lines. Pioneering work in establishing new. industries, can better be financed under the managing-agencies with Freater command of economic re-{ Sources, "But, ax the result of his investigation, Dr. Lokanathan considers that the managing-agency system has to be radically modified, and he re-[commends an association of managing, nis, membership of which would Imply" recognition of responsibilities and conformity to prescribed stand [ards of conduct. He would see both European and Indian sections uniting to create this organization. Hitherto the tw) managing-agency systems have been developed independently, Dut their future progress depends on ce-operation. The Indian managing. gents will ud their experiences en-HHehed by a knowledge of the methods fof ce-ordination and control successfully adopted by their British con~ freres, and the tatler, in their turn, will tind that their chances in new folds of activity will be improved by closer contact and ce-operation with Indian business men. Hitherto" the Isolation of managing-agents one from the other has produced an excessive caution, which was criticized by the Industrial Commission as undue reluetance to embark on new ventures The author also recommends certain reforms in the Company Law in order assist in this development The book is well furnished with 9 select bibliography and its chapter on the wages, standard of living and efficiency of the industrial worker is This fascinating tittle pamphlet gives an interesting account. of the history of the Regalia and Crown Jewels in the Tower of London, The collection is celebrated throughout thi world, "It is, however, not just Aisplay of wealth, The Jewels are only incidental to the Regalia and are used og a convenient and traditional means of beautifying the various ob-Jeets of the royal insignia, But there are more ancient crowns. For in" Stance, the Iron Crown of Lombardy Gates from the 7th century or even faarlier, and the Holy Crown of Stephen of Hungary has been used {for the coronation of Hungarian kings from the 1th century onwards, The Oldest crown in the Tower of London is the St, Edward's Crown which was made for King Charles If in 1662, For it must be remembered that when the Commonwealth came into existence, the whole of the English Regalia was destroyed, and on the Restoration the names of the old ornaments were attached. to the new ones. St Edward's Crown is the successor to the ancient crown of England, and all Sovereigns since the time of Charles have been crowned with it, except Queen Victoria, who was crowned With the Imperial Crown of State. Which is the Crown of the Realm and was made by the Court Jewellers for Queen Vieloria. in 1838. This crown underwent recent repairs because uring the crisis of 1081, when Eng Jand went off the gold standard and the National Government came into being, it was discovered at the open-{ng of Parliament that it was insecure, so it was dismantled and strengthened, 8 task which was completed in April,
Text read from the printed page and cleaned; old type leaves the occasional error.