London, June 1.
"As store value, gold still has its place in the monetary and financial arrangements of nearly all nations and innumerable individuals," declares an article in the Midland Bank Review today, analyze ing the function of gold in the present world situation, "It is perhaps one of the brightest signs of the transition," the article confines, "that the world should have laid aside the restrictions inherent in the monetary system governed by gold, and have yet retained the services of the metal for the purpose it has fulfilled through countless ages of history."
"It is plain that gold is still regarded as a store of value, posse3sing more of the quality of security than most other available assets, Unlike most other assets, gold seems to the holder to give a high degree of assurance of convertibility into his own or any other currency at any time that he may wish to realize on it," the review further states, Dealing with official holders, the article points out that their action in holding gold is likewise based on the belief that, in any emergency, a buyer can be found at a price corresponding to the liability contracted in acquiring the metal, In other words, gold is regarded as the most liquid of all assets and the least subject to depreciation,—Reuter, Tin Restriction Committee San Francisco, June 1, Mr. Frank Carter, secretary of the Mining Exchange, today announced that the Stocklist committee had accepted the applications of the Lepanto Consolidated Mining Company $f the Philippines for local listing, The Exchange was pleased to have one of the most important companies|in the Philippines listed here, he said, The listing of the Lepanto application covers 10,500,000 outstanding shres—Urited Press.
Text read from the printed page and cleaned; old type leaves the occasional error.