Great Britain

Stratford Evening Post, Volume XXX, Issue 69, 26 June 1916, Page 6

Great Britain

m INVESTITURE BY THE KING. BRIGADIER-GENERAL WHITE DECORATED. ,_ ; (Received 1.30 ■p.m.) '.'.--.' .. London, June 25. The King invested Brigadier-General White with the Order of the Companion of the Bath, and the Distinguished Seryiee Order.,.. LONDON, THE WORLD'S CLEAR-ING-HOUSE. REASONS FOR MAINTENANCE OF EXPORT. AMERICA'S FINANCIAL CAIN. [United Prkb» AUSOOIAIIOt*.] (Received 1.30 p.m.) London, June :25. An American correspondent interviewed Lord Revelstoke. who stated: After two years, the war is being waged in a more exhausting manner than any Nation anticipated. The edifice of London's credit stands firm. London remains the world's financial clearing house. .The delicate banking machinery is working smoothly, which is chiefly due to the Treasury's courageous policy during the first months Dt the. war. Maintenance of exports, which is the key to the position, has been possible owing (1) to the Nevy; (2) to the Government's sound financial policy; and (3) to the use of the great reservoir of women's labor which had been previously untouched. England did hot grudge America's gain in financial strength since 1914. Both Nations believed in using money for the development of newer countries, thus increasing the world's prosperity.