23 MARCH 1929, Page 46

BRITISH TRADITIONS.

And yet there is general. satisfaction in the City that the protests of - American shareholders have received attention, and this satisfaction is not the least pronounced amongst those who are most Concerned with -the embarassing problem of America's power and apparently America's disposition to 'acquire a Majority of shares in many English undertakings. It is felt, however, that at all costs this country must be true to its traditions of straightforwardness and justice in everything pertain- ing to its financial policy, and -because_ there was a certain amount of ground for reasonable complaint on the part of American shareholders of the General Electric Co. it was desirable that those . complaints. shotild be recognized and should receive attention.