An Authority On Exchange

“W. R. C.”

In Sydney, where every business ex ecutive is studying the world’s economic sickness, trying to gain the great ad vantage that will accrue to the man who can read the obscure future just a little sooner than the others, the name of Mr. W. R. Carpenter, head of the big Islands organisation, is held in high respect. He is an authority on ex change and international finance. The condition of his company proves it.

Therefore, it may interest Islanders to know that “W.R.C.” is predicting to day—with the same confidence that he, 18 months ago, predicted the present exchange position—that the ultimate and early solution of the present stale mate in world finance and trade is the creation of what will be virtually an international bank. Gold, as the me dium of international trade —the es sential rectifier of trade balances —is “cornered,” and out of action. Some thing must take its place, or some means found of bringing it back into world circulation. “W.R.C.” argues that an international bank, giving a fixed monetary standard, is the only solution.

The Rev. Father Graton, a French missionary, who has been stationed in the Solomon Islands for 25 years (which has been unbroken except for a stay of a few weeks in Sydney), ar rived in Brisbane by the Mataram on January 16. He is now on six months’ furlough, which he will spend in France.

Mr. E. H. Gregson, who was con nected with the New Guinea police force, and who has been on leave in Australia, has decided to remain in Sydney and is resigning from the ser vice. Mr. Gregson was recently sta tioned at Wau, on the goldfields.