26 JULY 1935, Page 34

PROSPEROUS Swum AFRICA.

How greatly the rise in the sterling price of gold has bene- toed general conditions in South Africa was very clearly shown by Mr. Stanley Christopherson in his address last Wednesday to shareholders of the Standard Bank of South Africa. Incidentally, the improvement is reflected in the affairs , of the Standard Bank itself, for the balance-sheet shows a much freer use of the bank's resources for bills and advances, and the increase in profits was sufficiently sub7 (Continued on page 172.).