Total of $368,902,000 Held at Close of 1938
The value of exports in December was 109 per cent. below the figure for the corresponding month in 1937; the decline was only slightly above the average for the past year, which amounted to 9.6 per cent. The fall was fairly general, but it was most marked in the case of textiles, iron and steel and chemicals. Machinery was the only item to show a sizable increase between December, 1937, and December, 1938.
Imports, on the other hand, showed a fall of 214 per cent. in value, compared with December, 1937, against an average of 104 per cent. for the year. The sharp fall in imports is scarcely encouraging, for it suggests at first sight that home consumption is still falling. The decline was most marked, and exceeded £1 million, in the case of grain, raw cotton, wood and timber, iron and steel, non-ferrous metals and dairy produce. Moreover, these heavy falls were not offset by increases in the imports of other items.
The value figures for imports and exports, however, are somewhat de-captive, especially in times like the present, when prices are rapidly changing. The Board of Trade's indices of the volume and average price of imports and exports, therefore, give a better indication of recent tendencies in foreign trade Washington, Mar. 27.
Treasury Department statistics released today indicated that the movement of capital between the United States and foreign countries during 1938 ended in favour of the former to the extent of $368,902,000, which entered the country in the form of security transactions, bank deposits, and brokerage operations Since January 1, 1935, foreign capital amounting to $3,779,225,000 entered the United States.
During 1938, American securities totalling $48,895,000 were purchased by foreign holders, while Americans bought foreign securities, the operation concluding in favour of the United States to a value of $26,758,000.
South American and Far Eastern countries, during 1938, deposited funds in United States banks, these funds amounting respectively to {$18,005,000 and $77,082,000.
The bulk of foreign capital sent to the United States in 1938 came from European countries, although it was considerably lower than in preceding years, totalling $38,635,000, compared with $601,727,000 in 1937, $850.724,000 in 1936, and $1,200,598,000 in 1935.—
Havas.
Dress:—The following extract from the British Army Dress Regulations is published for the Information of all Boncerned. It will be complied with throughout the Corps for all British and SMC. Medals, and for any other authorized medal for which no specific national regulations to the contrary are laid Bawn.
Order, Decorations and Medals:—Decorations and medals, except those mentioned below. will be worn on the left breast. In full Gress they will be Worn over the sash. They will be worn a horizontal line, suspended from a Single bar of which no part is to be Seen. or stitched to the garment, and Pacca°mid-way between the first_ and Eeeond buttons from the bottom of the collar.
Medals awarded by the Royal Humane society or by the Royal National Life-Boat institution will, when authorized, worn in a position corresponding with war medals, on the right breast.
When decorations and medals cannot, on account of their number, be Suspended from the bar so as to be fully seen, they will overlap Medals will be worn so as to show the Sovereign's head.
The first earned clasp will be worn nearest the medal, Length of ribands—When medals and decorations are worn on the breast, the Fiband will be 1 inch in length, unless the possession of clasps necessitates it being. longer. 'When' two or more medals and decorations are worn, they Will be so arranged that the lower Edges (or lowest point of a star) are in line. The lengths of all ribands will be regulated by that of the decoration or medal which, including any clasps, is the longest. These instructions will apply equally to miniature medals and decorations. When ribands are worn Without medals and decorations, they will be % inch in length.
With Mess Dress:—Miniature badges of orders, decorations and medals will be worn "with mess dress on the left lapel of the jacket in one horizontal line, 1 inch below. the point of the shoulder, suspended from a bar of Which no part will be seen.
The length of the bar must vary with the number of miniatures. but no case will it project beyond either the lapel or shoulder seam of the jacket Wnen the miniatures "cannot. on account of their number, be suspended irom the bar so as to be fully seen, they' will overlap. jacket, will be placed 3, inch below Collar badges, when worn on the mess the. medals. Ala Weapon Training:—The _undermentioned have classified as marksmen for Training Season 1938/39:
Compa: C. L, Hill, L/Cpl.
Classification (Rifie):—Armoured Car
Blaniord, Pte. G. C. Large, L/Cpl W. V. Ribbons, Pte. H. E. Harris. "C Machine Gun Company.—C.QM.S. L.A Mottu. Japanese, Company—Maj. T. Otorii. Pte. S. Igarashi, Lieut. K Kubota. Pte. H. Takada, 2nd It. T. Oshima. Pte. T. Hirano. Sgt, K. Okuura, Pte. Y. Yamashita, L/Cpl. S. Ishino, Pte. H. Fujita. "A" "Company.—Capt H. P. Krogh, Cpl. D. C. Palfreeman. Cpl. $. R. Hawke, Pte, H. J. Christensen. "B" Company.—2nd. It.
Greiner, L/Cpl Stone. "L/Cpl.
A. England, Pte. E. Grundt, Spt. G Browne, Pie. A. R. Ross, Cpl. N. P. Evans. Jewish Company—Lieut. Godkin, Sgt. S. Y. Shietlan, Cpl. Fuchs. Light Automatic (A.D.) Com: pany.—Sgt. W. G. T, Howe. Cpl. J. C. jenkins. American Company.—Lieut W.
hutchinson, 2nd. It. C. J. Langley, Pte. E. Klein, Ist. Sgt. J. J. Surel. Pte. F. E. Munz. Sgt. R. H. Archer, Pte. J. Maher, Sg. M. A. Kuhn, Pte J. Schultz. Philippine Company.—Capt. H. C. Evangelista. American Machine Gun Company.—2nd. It. C. Melchers. Ist. Sgt. G. A. Marmorat. No. 3 (Vol) Company.—Cpi. V. I. Dmitrieff, Pte. A. A. Lysick Classification (Lewis Company.—Sgt. A. en, Cpl.
Text read from the printed page and cleaned; old type leaves the occasional error.