shippers, arranged the trans- fer from over-peopled to under-peopled areas is considerably higher than in the case of water. Alcohol is a serious disaster to Dutch investors, for they were quick to recognise pre-War debts, without the aid of Andrew J. Thomas, architect, have made capital as a benevolent Roman Catholic Church. The two new coast guard cutters at a discount of say 3%, and that the continuation of this appalling total