20 OCTOBER 1928

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Mr. Lloyd George went on to explain that the - Party

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could not, for example, help anybody to upset Free Trade or anybody else to set up a Socialist State. Nevertheless, , he rejoiced when he thought of the vast territory common to...

In a leading article we have discussed the significance of

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Mr. Lloyd George's speech at the forty-fifth Con- ference of the National Liberal Federation which opened at Yarmouth on October 11th. Here we need only mention his chief...

News of the Week

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N OW that all the Party Conferences are ended we " enter the straight " for the General Election. The general effect of the Liberal Conference at Yarmouth is that an arrangement...

This means that the talk about " Socialism in our

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day" is dying down, and in its place is appearing the practical policy of exploring hand in hand with the Liberals that " vast territory," as Mr. Lloyd George has called it,...

The tacit answer to that comment is, of course, that

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Labour 'still hopes to be able to get on very well without the Liberals and to see the strength of . Liberalism lessened rather than increased at the General- Election. Labour...

EDITORIAL AND PUBLISHING Corneas : 13 York Street, Covent Garden,

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London, W.C. 2. — A Suhscription to the SPECTATOR costs Thirty Shillings per annum, including postage, to any part of the world. The SPECTATOR is registered as a Newspaper. The...

Page 2

On Monday, in the Reichstag, Mr. Ramsay MacDonald opened the

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series of addresses arranged by the new German Committee for International Discussion. The German Chancellor and several Ministers and diplomats were present. Mr. MacDonald's...

Mr. MacDonald laid it down that Great Britain had no

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intention of making alliances, but wished to live in friendship with all nations. So far as this can be taken to refer to the present situation it was a condemnation of what is...

The French journalist then contrived to take the docu- ment

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away and show it to Mr. Hearst. When legal proceedings were imminent Mr. Horan fled the country. Obviously the Quai d'Orsay ought to be able to guard its secrets better, and the...

His resignation has provoked grave thoughts about the transference of

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men with " first-class brains " from politics to business. Is it right, it is asked, that this transference should be accepted as inevitable ? Is it well for the nation that...

Last week we were misled into believing that the offence

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of Mr. Horan, the American correspondent in Paris who procured and published the secret document containing part of the Anglo-French cotnpromise, was a relatively small one, and...

If only from the national point of view, and without

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regard to any man's private troubles, it is most un- desirable that anyone who has directed the policy of the country should be driven when out of office to earn his living by...

Lord Birkenhead's resignation from the Government is, after all, to

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take place immediately. When his intention to resign was announced a few weeks ago it was added that in deference to the Prime Minister's wishes he would remain at the India...

The result of the Tavistock by-election was declared on Friday,

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October 12th.- . ' Brig.-Gen. W. D. Wright, V.C. (Unionist).. .. 10,745 Lt.-Commdr. R. T. H. Fletcher (Liicral) .. 10,572 Mr. R. Davies (Labour) .. .. 2,449 Unionist majority...

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On Monday Lord Eustace Percy, President of the Board of

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Education, explained his schemes for linking education with commerce, and dealt in particular with education for salesmanship. A Committee has been appointed, with Mr. F. W....

Excellent sense was talked and valuable proposals were made at

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the " Save the Countryside " Conference at Leicester. As Professor G. M. Trevelyan said, a hundred years ago England Was nearly all beautiful ; to-day there is beauty and...

On Monday Sir William Joynson-Hicks said that he might have

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to deal in the near future with immoral and disgusting books. " There must be some limit to the freedom of what a man may write or speak. That freedom, in my view, must be...

But the sins that are being committed are frequently those

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of ignorance rather than of malice. It is not clear to most well-meaning people that it is an offence to use colours which clash with the whole character of a district ; but...

We publish this week, by special arrangement with Messrs. Gollancz,

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the first of a series of five articles taken from the diary of Tolstoy's wife, which is to appear in book form next month. * * *

The police already have wide powers, and if these are

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not used enough they ought to be. It may be said, however, that the pace is being forced in immoral writing, and that within a few years decent publishers will find it difficult...

The objection- to technical education at too early an age

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is- notoriously that -it deprives boys and girls of a liberal education ; it equips' `them for doing things capably within a- narrow circle; but closes to their vision...

On Thursday, October 25th, Messrs. Methuen will publish The Story

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of the " Spectator," 1828-1928, by Sir William Beach Thomas (10s. 6d.). The centenary of the Spectator occurred in July, but it was decided to defer the celebra- tion until the...

The Graf Zeppelin,' the latest and largest of the German

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airships, has crossed the Atlantic in four and a half days. A common comment- on this performance is that it would be safer and far more comfortable to take five days in the...

Bank Rate, 41 per cent., changed from 5 per cent.,

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on April 21st, 1927. War Loan (5 per cent.) was on Wednesday 1031 ; on - Wednesday week 103 ; a year ago 1021. Funding Loan (4 per cent.) was on Wednesday 8811 ; on Wednesday...

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Liberal Policy

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T HE contemptuous phrases which the Liberal and Labour Parties are showering upon each other remind us of the horrible faces which used to be made by the legendary Chinese...

Page 5

The Human Sardines of Shoreditch

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W ITHOUT a national scheme of town planning and the zoning of urban areas which it entails, we can never hope to make much headway in the difficult contest with housing...

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The Presidential Election

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IF VERY foreign observer of American affairs, even though he does not permit his interest to betray him into expressing an unasked opinion on the respective merits of Mr. Hoover...

THE SPECTATOR.

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Before going abroad or away from home readers are advised to place an order for the SPECTATOR. The journal will be forwarded to nny address at the following rates :- One Month...

Page 7

Unemployment. —I

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[1:)r. Arthur Shadwell is writing a series of three articles for the Spectator on the unemployment question. This is the first article. —ED. Spectator.] U NEMPLOYMENT is by...

Page 8

A Kentish Mining Village

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A BLUE-EYED young man was sitting out of the rain on a fence under the protection of an overhanging thatched roof in an old-world Kentish hamlet. " Is this the way to the mining...

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The Moving Mountain

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N EVER so much as now have I wished that I knew more than a smattering of geology : for two reasons just become urgent. Monte Arbino, a few miles from Bellinzona, has been...

The Old House—Tyrone

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T HE old house has spirit as well as form. Whoever coming eagerly to its door and departing sorrow- fully doubted that ? There is something motherly, benign, welcoming in every...

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M u s i c

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THE NEW PUBLIC FOR MUSIC. DURING the last twenty years, music criticism has gradually acquired a place of dignity in journalistic occupation. It is still looked upon with...

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[P. AND D. COLNAGRI AND Co., 144 NEW BOND STREET.]

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If it is stated that most of the artists represented at Messrs. Colnaghi's exhibition of Modern English Paintings are members of the Academy or the New English Arts Club, a clue...

Art

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THE GOUPIL GALLERY, 3 REGENT STREET.] Aristide Maillol, an exhibition of whose sculpture, drawings and wood engravings is now being held at the Goupil Gallery, is not too well...

[THE LEICESTER GALLERIES, LEICESTER SQUARE.] The Leicester Galleries are starting

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their winter season with an exhibition of paintings and water-colours by Mr. C. R. Nevinson, and sculpture by a Russian, Miss Dora Gordine. Mr. Nevinson owes allegiance to no...

THE ALPINE GALLERY, MILL STREET.]

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Louise Pickard, whose 'memorial exhibition is now being held at the Alpine Gallery, died in June this year, and her work, outside her circle in the New English Art Club, was...

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Correspondence

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A LETTER FROM BRAZIL. [To the Editor of the SPECTATOR.] SIR, We have just had occasion to welcome the airmen who made an astonishing non-stop flight from Rome to Brazil in an...

Poetry

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The Return to the Orchard OVERBLOWN with seeding grass The old orchard was : The brickpath and ashpath Laid but a year, Now hidden. Creeping near, I saw no feet had trodden...

Dead Leaves

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IT is a proper thing and wise When autumn sweeps the rain-washed skies Some bent old man whom no one grieves Should take his broom and sweep the leaves. I watch him underneath...

[THE LEFEVRE GALLERIES, KING STREET, ST. JAMES'S.]

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Mr. Keith Murray is holding his first one-man show, an exhibition of drawings of Spain, at the Lefevre Galleries. Mr. Murray must have studied as an architect, as both in...

Page 13

The Diary of Tolstoy's Wife

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[By arrangement with Victor Gollancz, Ltd., who will publish the complete book on November 20th, we are able to publish a series of extracts from " The Diary of Tolstoy's Wife,"...

Page 15

"Spectator" Conference for Personal Problems

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[THE " SPECTATOR" CONFERENCE attempts to give readers a service of advice on personal problems on which they feel they would like impartial help. The Editor has appointed a...

Page 16

The League of Nations

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How the Covenant Became What It is EVERY historian worthy of the name gets back when he can to original sources. There have been various historians already of the birth and...

Page 17

THE ENDOWMENT OF BRITAIN.

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If all were to reach Tennyson's ideal of a Federation of the World, with an august despot as chief manager, Britain and Ireland would doubtless be endowed as a breeding centre ;...

SIC VOS, NON VOBIS.

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The Scandinavian thinks (on the other hand) that they ought to be, not proud, but modest, and knows that they are not prosperous but depressed. Now it is perfectly true that the...

PAPER FOR THE GARDEN.

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Correspondents from the United States and from Canada continually send accounts of queer experiments in gardening and farming. The value of all of them is perhaps exaggerated ;...

BRITISH POPULARITY.

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Within the last month or so Aberdeen Angus and Ayrshire cattle, mountain sheep, have been bought in Scotland for Canada. A very large number of Romney Marsh sheep and Berkshire...

100,000 ACRE Runts.

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Paper will probably be soon used in England for such purposes. The other new American experiment recently endorsed whole-heartedly by the founder of the Brookings Institute in...

FROST DATES.

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Ingenious students of weather, notably Buchan, have picked out certain periods in the year remarkable for definite types of weather ; such as the Festival of the Three. Icemen...

Country Life

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STOCK EXPORTS. In the course of a discussion on the quite remarkable " boom " in the export of British stock, a Scandinavian farmer, now resident in England, said to me in...

Page 18

Letters to the Editor

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SAFEGUARDING FOR IRON AND STEEL • [To the Editor of the SPECTATOR.] SIR,—Every hardware manufacturer in the country must be grateful to you for putting their position and that...

[To the Editor of the SPECTATOR.] SIR,—In your article headed

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" Safeguarding for Iron and Steel," in your issue of 18th inst., you suggest that the argu- ment that " the more an industry produces the more cheaply can it produce " cannot "...

[To the Editor of the SPECTATOR.] SIR,—I should consider it

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a favour if you would allow me to make a brief comment on the article in your issue of October 13th, under the title, " Safeguarding for Iron and Steel." With much of the...

Page 19

THE PROSPECTS OF THE HOMECROFT . MOVEMENT • [To the Editor

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of the SPECTATOR.] SIR,—The letters of Mr. Gabriel Wells and the Hungarian ex-Food Minister in your issue of. October 6th raise an intrigu- ing question which ought to lend...

HOMECROFTING AND SMALL-HOLDINGS [To the Editor of the SPECTATOR.] -

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Sia,—There is much sound wisdom in the letter of Mr. Charles Ereky which appeared in the Spectator on October 6th, Ile seems, however, to confuse the homecrofting with the...

A MINE OF WEALTH [To the Editor of the SPECTATOR.]

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SIR,—My notice has been drawn to a letter dealing with the Dead Sea Concession, headed " A Mine of Wealth," which appeared in the issue of the Spectator of September 29th. The...

[To the Editor of the SPECTATOR.]

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have read with interest the articles and correspondence on the Dead Sea Scheme published in recent issues of your paper. I write as the scientific member of the British Group...

[To the Editor of the SPECTATOR.] _ SIH, — The secrecy and

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. delay which have distinguished the negotiations leading to a .final. decision on the subject of the Dead Sea tend to spread a suspicion of unhealthy machinations on the part...

Page 20

MEMORIES OF JOSEPH CONRAD [To the Editor of the SPECTATOR.]

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SIR, —Your review of a volume of Conrad's letters had a personal interest for me. For when he was first mate of almost the last passenger sailing ship I was its medical colleen...

WOMEN'S INSTITUTES AND HUMANE METHODS [To the Editor of the

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SPECTATOR.] SIR,—I have read with interest in your paper of the corn• petition for the most efficient and humane rabbit snare instituted by the R.S.P.C.A. May I suggest a method...

[To the Editor of the SPECTATOR.]

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have been deeply impressed by the recent articles in the Spectator regarding the prospective exploitation of the Dead Sea, and still more so by the resultant correspondence....

Page 21

THE TAVISTOCK BY-ELECTION [To the Editor of the SPECTATOR.] SIR,—I

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am a constant reader of the Spectator, which I consider maintains a remarkable standard of fairness. I am alarmed, therefore, to read a paragraph in the " News of the Week,"...

WASPS' STINGS [To the Editor of the SPECTATOR.] SIR, With

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reference to Sir W. Beach Thomas's notes in the current issue of the Spectator, a personal experience may be of interest to your readers. Owing to the generosity of the Town...

W. T. STEAD [To the Editor of the SPECTATOR.] SIR, —I

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am, I suppose, one of the last two (or possibly the last three) survivors of the salaried editorial staff which was in daily association with W. T. Stead at the old Pall Mall...

PUBLIC BATHS FOR VILLAGES [To the Editor of the SPECTATOR.]

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SIR, —Can you, or any of your readers, throw light on the subject of public baths for a village ? There may be someone whose house being, like ours, full of bathrooms, has...

Page 22

PHOSPHORUS

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[To the Editor of the SPECTATOR.] notice in your issue of October 6th a query re phos-, phorescent appearances in grass at night time. I have noticed the same phenomena twice,...

POINTS FROM LETTERS

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CoNsTrruriorc HILL. I venture to think that your correspondent has post-dated the use of the term " constitution " in its modern sense. Both the English and the Scottish...

LOST AND FOUND

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[To the Editor of the SPECTATOR.] Sla,—I wonder if any of your correspondents of " Lost and. Found " have reminded you of the story of the loss . of the ' Kent ' in 1825, when...

SWEET WILLIAMS

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[To the Editor of the SPECTATOR.] am constrained to write this by the determination expressed by a lady to grow no more of these flowers in her garden. On my inquiring the...

THE IRISH CENSORSHIP

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[To the Editor of the SPECTATOR.] SIR,—Mr. H. Strachey really understates the case when he says that the proposed Irish censorship is a " return to the Index Expurgatorius."...

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LITERARY SUPPLEMENT

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TO Ole 5pectator WEEK ENDING SATURDAY, OCTOBER 20, 1928. No. 5,234.] GRATIS.

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The Spectre and the Emanation

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Blake's Innocence and Experience : A Study. By Joseph H. Wicksteed. (Dent and Sons. 21s.) William Blake. By Philippe Soupault : translated by J. Lewis May. (The Bodley Head....

Dryads

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DowN the sleepy forest rides, in the dappled silver light The dryads were undressing, and would I had seen the sight. They were stripping off their hose, They were shredding...

Page 27

Defoe's England

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OF the projected 1,000 volumes of Everyman's Library, 822 have now been published, and there is certainly no diminution of variety or interest as the series draw's nearer to...

Page 29

Recent Poetry

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POETRY and musk are both known by the instruments : in every good age, the very language of lyric has a favourite quality of sound, a timbre as of choice wood or string. Lesser...

Page 31

The Great Parisian

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Anatole France the Parisian. Unwin. 1 6s.) Prefaces and Introductions. Head. 2s. 6d.) The Well of St. Clare. By Frank Pare. (Bodley Head. Anatole France. Illustrated by 16s.)...

The Colvins

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The Colvins and their Friends. By E. V. Lucas. (Methuen. 21s.) THERE is some touch of the astonishing in the character of Sir - Sidney Colvin. To a casual glance he seems to...

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The Undying Pepys

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Samuel Pepys. By Arthur- Ponsonby, M.P. (Macmillan. 5s.) IF the very rightest person could have been selected to explain the psychology and once more to proclaim the charm of...

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The Mystery Ships

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My Mystery Ships. By Rear-Admiral Gordon Campbell, V.C., D.S.O. (Hodder and Stoughton. 20s.) ALTHOUGH the facts about the mystery, or Q, ships which hunted submarines in- the...

Page 37

The Past, Present, and Future of Films

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THE first scene to be photographed by a motion-picture camera, invented by Edison in 1893, was a certain mechanic in the Edison works, engaged in sneezing. This short and comic...

Page 38

WkEN.-Rome conquered Greece, Greek thought did not lose but rather

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gained in influence. Hellenism pervaded the whole Roman Empire, and was to facilitate the spread of Christianity as taught by St. Paul. Mr. R. W. Livingstone, who has done so...

Educating " Animals

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Almost Human. A Study of Thinking Animals. By Carita IF we are to admit the sincerity of Madame Borderieux, editor of Psychica, and to acknowledge ourselves convinced by the...

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London : Print.44 by W. SPEAIGIIT awe SONS, LTD, NS

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and 99 Fetter Lane, RC. 4, and Published by Tax SPNCTA/Olti LTD., at their Offices, No. 13 York Street. Covent Garden, London, W.C. 2.—Saturday, October 20, 1928.

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Inasmuch as the mandates system introduced by the peace treaties

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is still widely misunderstood, not only in Europe but also in America, Dr. J. Stoyanovsky's able essay on The Mandate for Palestine (Longmans, 25s.) deserves notice. It is in...

Next week we shall review at length Mr. Townroe's The

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Slum Problem (Longman's; Os.). It is the most compact, clear and convenient statement yet published of the present housing situation in Great Britain.

The best idea of Robert Paltoek's classic The Life and

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Adventures of Peter Wilkins (Dent, 21s.) may be extracted from the title page, whereon the author enumerates the adventures of his hero and of his " wonderful passage through a...

General Maynard shows in his Murmansk Venture (Hodder and Stoughton,

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20s.) that the original purpose of the British expedition to North-West Russia in 1918-19 was to set up a new Eastern front which should relieve the pressure on the West, and...

Those who have enjoyed Lady Paget's former volumes of reminiscences

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will enjoy also these more intimate recollections which she has just published as The Linings of Life (by Wal- purga, Lady Paget, Hurst and Blackett, 2 volumes, 21s. each). The...

Some -- Books of the - .Week -

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Mas. Woon? would seem, like the hero of her new book, Orlando (Hogarth Press, 9s.), to have more than one self. The biographer of Orlando is very different from the pure...

Natural humorists are rare, say the publishers of Mr. Stanley

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Salvidge's Salvaged Trifles (James Clarke, 3s. 6d.). However that may he,and although Mr. Salvidge's sketches are uneven in their effects there are gleams of good fun in them...

-Westward to Mecca, by Sirdar Ikbal All Shah (Witherby, 12s.

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6d.) is an interesting and original account of a journey through Afghanistan (the author is an Afghan and he tells us a good ghost story whose scene is laid in his native land)...

Balls and Assemblies (John Lane, 3s. 6d.) contains extracts from

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the work- of Fanny Burney, Jane Austen, Maria Edge- worth, Susan Edmonstone Ferrier, and Mary Mitford. It provides excellent fare for those of weak literary digeitiOri, who...

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A Motor Show Competition

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Tnn Editor offers a prize of two guineas for the best "Ode to a Baby Car " received before October 22nd. Entries should be as brief as possible.

Page 42

The Irresistible Athenian

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The Life of Alcibiades. By E. F. Benson. (Benn. 12s. 6d.) IT is curious that from the days of Cornelius Nepos till to-day no one except a few uninspired Germans have thought it...

Rationalization in Germany

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The New Industrial Revolution. By Walter :Makin. (Gollancz. 9s.) Tuts is unquestionably one of the very few important books on industrial reconstruction that have been published...

Page 43

A Portrait of Two Victorians

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Ma. GUEDALLA has given us a pleasant and useful volume. He explains at some length in his introduction the theory of biography which has led him to present his volume in a...

Page 44

A Great Individualist

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The Return to Laisser Faire. By Ernest J. P: Bonn. (Ernest Benn. W.) Sur ERNEST l3m.rx's Individualism is persistent and inimitable, and if we do not add that it is...

Page 47

An Interesting Puzzle

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My Life. By George Lansbury. (Constable. 10s. 6d.) " Au, through my thinking life I have found myself perplexed by the inconsistencies and unrealities of life—specially my own."...

Page 48

The Modern Book

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THE editor of the Studio is to be congratulated on having presented in a comely quarto examples of the arts of the printer, illustrator and binder in many countries, with short...

Sport and Wild Life in Ireland

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Irish Bogs. By 3. W. Seigne. (Longman, Green and Co. THE author of this delightful book loves Ireland with a sane, clear-sighted love. He sees what sport she can offer and sees...

Some Views on the Prayer Book

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The Review of the Churches (Eyre and Spottiswoode, 3s.) is always a fresh and interesting periodical, giving in a unique way definite information about the movements of thought...

Page 51

THY DARK FREIGHT. By Vire Hutchinson. (Hutchinson. 7s. 6d.)—A fishing

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village has often lent itself to idyllic treatment in fiction. But Miss Hutchinson makes Mare Is Marsh the scene of a passionate, elemental, and sometimes eerie drama. In...

F . •

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action A Genius and Some Ordinary Men Windus. 78. 6d.) The Transgressor. By Anthony R 7s. 6d.) EVEN the most patient reader of Theodore Dreiser may quail when he perceives...

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Mr. F. A. Mercer and Mr. W. Gaunt, who edit

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Posters and Publicity (The Studio, 7s. 6d.), consider that the general average of British posters is higher than that of any other country. They add, however, that we do not...

COME BY CHANCE. By Mrs. Alfred Sidgwick (Collins. 7s. 6d.)

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is not one of the best examples of the authoress's leisurely and slightly sardonic humour. It is the straight- forward and almost hurried history of Nan Sothern, whose mother...

Dr. Gibson's Modern Conceptions of Electricity (Seeley, Service, 12s. 6d.)

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is the kind of book whose study definitely enlarges the mind as to the plan of the universe. A study such as this of the nuclear structure of atoms, of the orbits of electrons,...

Mr. Stephen Coleridge has been privileged to know many eminent

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men. Some of them he commemorates in a series of articles reprinted from the Western Mail under the title of Famous Victorians I have Known (Simpkin and Marshall, 10s. 6d.). He...

Economists will like to know that that old standard authority,

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Tooke and Newmarch's History of Prices from 1792 to 1856 has been reprinted in four volumes after being unprocurable for many a long year. Messrs. P. S. King have issued...

More Books of the Week

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(Continued from page 547.) In the Collected Letters of Oliver Goldsmith (Cambridge University Press, 7s. 6d.), Professor Katherine Balderston gives us the result of new...

THE OLD EXPEDIENT. By Pansy Pakenham. (Chap- man and Hall.

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7s. 6d.)—" It is expedient," said Caiaphas of old, " that one man should die for the people " ; and Lady Pansy Pakenham, in this original and intriguing fantasy, has sought to...

COMMON CLAY. By H. Hessen Tiltman. (Benn. 7s. &l.) This

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novel is a study in ambition, having for its setting the English Labour Movement of the last twenty years. Born in the Hammersmith slums, Jim Hewlett uses the rapidly developing...

SALAD DAYS. By Theodora Benson. (Cayme Press. 7s. 6d.)—Miss Benson

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has written a delightfully sympathetic study of the unfolding of a young girl's character. Outwardly precocious and a little blasé, Felicity is inwardly sensitive and spiritual....

Answers to .Military History Questions

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1. Cr6cy, 1346.-2. Dunbar, 1650.-3. Battle of the Boyne5 1689. The men of William of Orange.-4. Duke of Marlborough. Recruits for the Irish Regiments of Louis XIV.-6. A General...

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Finance-Public & Private

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Where Does the Money Come From ?-I. FINANCIAL activity in the City continues to be an out- standing feature of the situation. The advance in market values of Stock Exchange...

A Library List

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HISTORY : - The Empire in the New Era. By the Rt. Hon. L. S. Amery, M.P. (Arnold. 15s.)-The Egyptian Enigma, 1890-1928. By J. E. Marshall. (Murray. 10s. 6d.)-The Foundations of...

General Knowledge Questions

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Ouit weekly prize of one guinea for-the best thirteen Questions submitted is awarded this week to Mrs. Dulcic M. Brunskill, 3 The Mall, Armagh, Northern Ireland. for the...

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DUOPHONE PROGRESS.

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The recent circular of the Duophone and Unbreakable Record Company to its shareholders confirms the optimism already expressed by the directors and the eagerly awaited general...

Financial Notes

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BUOYANT MARKETS. IN the main article in another column I refer at some length to the continued activity on the Stock Exchange including flotations of new capital. During the...

FOREIGN COMPETITION.

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Dealing with the situation at home, Mr. Hose, while recognizing the moderate improvement which has recently taken place in our export trade, emphasized the importance of...

B.A.T. BONUS.

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Evidently there was an intelligent anticipation of the bonus scheme of the British American Tobacco Company, which has formed one of the interesting developments of the past...

ARGENTINE RAILWAYS.

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Most of the leading Argentine Railway Reports published during the past week have been of a moderately satisfactory character. The dividend announcements have been good, but the...

A PROSPEROUS UNDERTAKING._

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When some monthii ago it. "wasannouncedthat Mr. R. J. Hose, the_ ,Chairman • and Managing Director of the Anglo- South American Bank, had resigned the Managing Director- ship,...