Requests for the cancelling of contracts are one of the unpleasant features of falling markets, says "The Tim A good many such requests are reaching Manchester, mainly from China, where the drop in the tael from the high range touched in the winter has disorganized business. The Piece Goods Association of Shanghai has ex. pressed the view that _merchants and manufacturers in Lancashire ought to. accept cancellations freely, because the fall in silver has made it impossible to sell at a profit. the goods now: being, or to be, shipped to China. These requests are usually accompanied. by offers of compensation. Cases are mentioned in which the compensation proposed is so considerable that if accepted it must largely diminish the ultimate saving to the importer who is freed, from his engagement. Lancashire, however. is resolutely opposed to the polic of cancelling contracts, even with full compensation. It is a policy that strikes at the root of all business put-through under contract. What is the us> of a con-
The
Text read from the printed page and cleaned; old type leaves the occasional error.