The object of the present transac-is to place a reasonable proper tion of these shares on the market /and make it available for the ordinary investor as well as to release some of the funds of the two trust companies, which otherwise would have been tied up.
The "offer for sale" vives the Airectors of the Company, an Messrs.
Davey, G. E, Marden and Speeiman—these three gentlemen, as is well known, are members of the enough, importers said, but Boards and investment committees of they are multiplied when the goods both the trust companies and it is finally reach these. shores. The Understood that it is the intention to government has met the situation by converting the Federal Reserve notes, which are worth about ten cents in Shanghai into Japanese yen, worth about 23.4 cents. Importers say thousands of dollars paid as duty deposits on inflated values established under this system are now tied up, These deposits are required to got Possession of their goods pending the ouleome of their protests and appeals, und it will be at least six eight months before these entries are liquidated, they said.
instances like those of broidered articles on" which—ad valorem duties run as high ax 90 per cent, and other articles where the duly' ranges. from 30 to 60 per cent,, the inflated values imposed by the customs officials have worked 2 serious hardship on the traders. Many of the latter contend that a Rood part of their available working capital is being tied up by the currency ruling.
Dimeulties are also being, met in Imports from the unoccupied "areas of China, because of the absence of rates on' the Chinese dollar from points other than Shanghai, A nominal rate of about seven cents fixed by the government for the Shanghai dollar, "For other points, quotations of nearly a year back being used, it was said-—Havas, Reich to Send th 12 Million To:
Rome, Mar. 14
The coo! agreement between Germany and Italy, signed yesterday, will, give Taly about 12,000,000 tons of coal This amount, added to Italy's will cover her needs fend Will ensure her independence from British or American coal. German coal deliveries to aly will be made at a rate of 1,000,000 tons a month by rail. 1 is believed that in exchange for this coal, Holy will sup. ply the Reich with agricultural pro-duets and foodstuffs—Havas Anglo-Danish Trade act continue the management from within the body of the Trust Companies, Messrs. Benjamin & Potts are (0 be congratulated on their initiative. in furthering the resumption of normal capital issues, Colonies to Share British Exports London, Mar, 13, In reply to a question I= we House Jof Commons yesterday, Sir Andvew Duncan, President of" the Hoare Trade, said that in planning the velopment of report trade, he would certainly war in mind the special position +4 Empire countries.
The necessity for the organization and expansion of inter-Imperiat trade, which would be necessary. at the end of the war, would also" not overlooked, he added.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.