Old docks have been modernized, new docks have been laid out, wharves, jetties, piers and warehouses have been renovated or added to, until both sides of the river are lined with them. There are five groups of major docks covering 800 acres, 450 acres of warehouses, 116 acres of sheds, 170 miles of railway, 50 miles of roads, and other property to an extent of over 4,200 acres, all under the charge of the P.L. A. The value of London's seaborne trade today is more than one third of value of the whole trade of the d Kingdom. t this means to the life of the Snglishman one sees in the quantities of commodities handled. 500,000,000 1b. of 1,000,000 tons sugar, 45,000 tons of tobacco, an so on. And when one thinks of the work done by the P. L. A. in the past 30 years, of the countless people who have found employment and pleasure through its widespre: activities, one can only pray that benign dictatorship may continue undisturbed for 30 times 30 more years.
Retirement of Mr. W. F. Spalding Mr. W. F. Spalding, who is re from the Hongkong Shanghai Corporation after 36 years' vice, is a well-known and popular ure in City banking circles, so "Times" of April 1; but his activities as a writer and lecturer banking, and e made him familiar uch larger public. To confreres Mr. ing from the shoe ready led to a all for another edition, and if a lent degree of stability should be reached in the next few years the task might well be commended to Mr. Spalding as an agreeable ocation for his retirement al expert on currency and change, and it may be imagined th: {hi vi pecially in the last-named role, has often been arduous and excting. Recognition of h bank, where he has l-know
Text read from the printed page and cleaned; old type leaves the occasional error.