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...League's discreet report. World's worst offender was Great Britain which did 30% of the total arms peddling, next France (13%), third the U. S. (12%). The report, extremely conservative, estimated the total volume of the arms traffic in 1930 at only $55,200,-ooo, called attention to the fact that this represented deplorable growth from the 1925 figure $48,000,000. Biggest buyer of arms in 1930, according to the League, was China (14.6%). This year Japan is keeping munitions plants humming, notably in France and among her "satellites" such as Czechoslovakia. Last week, despite...
Empire Currency? In Ottawa last week Canadian Senator Alexander Duncan McRae proposed that the Imperial Conference establish an "Imperial Bank" backed by the gold reserves of the whole Empire (which he estimated at $900,000,-ooo) and issue an "Imperial Currency...
With a U. S. syndicate bidding $28,000,-ooo for control of the Campagnie Gen- erate Transatlantique (French Line) last week. Premier Pierre Laval went before the Chamber of Deputies, fought to keep this major maritime enterprise 100% French...
...April, Bonus loan application slacked off to 12,000 per week. Veterans' Administrator Hines then announced: "The job's about done." He estimated the total outlay at $1,050,000,-ooo. During May, however, there was a new and sudden spurt of loan applications. Last week they were pouring in again, at the rate of 35,000 per week. Best explanation for the new spurt was that, whereas needy veterans constituted the first big rush for loans, those employed and not in need were now coming forward to borrow while the Government's offer still stood. Last...
...Chicago last week the Factor case was still in a stage too early to be conclusive. The only swindled English people whose names came out were a Rev. & Mrs. Arthur Travers Faber, he the rector at Hurworth-on-Tees, Durham. This rural English couple managed to lose $55,-ooo, so they claim, in stockjobbing operations conducted by Jake the Barber in London. One job was selling stock in the so-called "Glass Casket Company," a speculation peculiarly appealing to the British investor. Another time Mr. Factor was about to mail out some 300,000 glowing descriptions of a platinum mine...