TRADE NOTES

West Coast Times, 20 June 1916, Page 3

TRADE NOTES

WASTE OF .MATCHES. LONDON, May 4. Rigid economy in domestic matters was the theme of the Recorder’s charge to the Grand Jury at Pontefract Quarter Sessions, and he illustrates his remarks with a homily on matches. He estimated that 25,000.000 people used matches daily. Some struck a great many more than was necessary, and if only one match was saved by each person daily there would he half a million boxes, each containing fifty matches, saved daily. Thijt, in the course of the year, would be . 182.500.000 boxes. Taking boxes at a halfpenny each moans a saving of £380,000. It was astonishing. he said, how easily people struck a match, and if it did not quite satisfy them,, threw it away ami struck another. Even now they did that quite recklessly. The other day in a country walk he followed for about three miles throe men who wore smoking, and lie counted sixty-two matches struck by these three men. HUGE SATA'AGE SCHHEME.

A newly-formed New York submarine engineering eonipauv will short !y commence the work of salving cargoes of bullion and other valuables from vessels sunk as the result of the European war. Among the numerous vesse.s to receive the attentions of the concern will be the Lusitania; it is estimated that a total of £'00,000.000 worth of goods can he removed from vessels which are not more than 400 ft below the surface. The president of the corporation is ]{ear-Admiral Chester, Tinted States Navy (retired), and many prominent American bankers are providing the financial hacking. The moving spirit in the enterprise is Chief Gunner Stillson. United States Navy (retired), who devised: plans for raising the submarine F4 from JTonolu.ti waters, and who is credited with several inventions to facilitate deepsea salvage and (living operations. DEBTS OUT TO If .VMM IKS. Herman Nagele, of Boston, has been fined £,IOO c.t Bow street for failing to communicate to the Public Trustee particulhrs of debts due by ,1. H. Nagele and Co. to enemies. Oefendant was naturalised in 1909, and his firm deals in human hair. ■ On March Bth. an inspector appointed by the Board of Trade went to examino the honks of the firm, andl it then appeared that on the previous day a return had been made for the first time of debts amounting to £19,723, due to two of defendant’s brothers, who resided in Germany and Austria respectively. This return should have been made by the 29th of last August at tho latest. The business was a large and' successful one, the profits having inereased from £970 in 1912 to £3120 in 1914. while the defendant estimated that they would exceed the latter amount for 191b. On behalf of defendant, counsel stated that it was not until he saw a report of a prosecution for a similar olfcncc at tho cud of February that he discovered it was necessary to make a return. Tho Magistrate pointed nut that defendant might have been proceeded against for penalties amounting to £9OOO.