The Cardiff Times

Legislation Expected. POSITION OF UNDERWRITERS. Correspondence with Lloyd's. ANOTHER CARDIFF PROTEST. At a m( eting of the Cardiff Chamber of Com- merce on Wednesday (Sir Clifford Cory, M.P., presiding) Mr Edward Nicholl drew attention to the question of P.P.I, insurances, and on his motion a resolution was adopted protesting against gambling by persons on ships in which they had no interests, and appealing to the President of the Board of Trade and to Lloyd's Committee to take some action in the matter. It was a very serious matter (he said) when uninterested people gambled in steamers to the ietriment of owners, and it WaB high time the ;>racticcwas stopped. Mr Trevor Jones said, in view of the great publicity given to the matter since attention was drawn to it last week by the Cardiff Ship- owners' Association, it was unnecessary to go into the details of the question. P.P.I, policies were a commercial necessity to meet certain trading contingencies, but it was against the abuse of this system by uninterested people, who did nothing else but gamble on the pos sible loss of a ship, that they strongly pro- tested.

Attitude of Lloyd's. RATES ON THE S.S. OXUS. The Standard says :—" The agitation against the peculiar form of maritime gambling known as P.P.I,'has induced the Govern- ment to give the subject careful consideration, and high authorities among shipowners and brokers Vn London are looking forward to the autumn Session of Parliament for legislation initiated by the Ministry. Mr John White, steamship broker, of Great St. Helens, E.C., has brought pressure to bear both upon the Government and upon Lloyd's on the question of this class of policy. I look at this,' said Mr White, as a matter involving tremendous risk to life, for it is a dangerous thing to have great profit to a person depending upon a catastrophe, which may mean not only loss of property, but also loss of human lives. I am told that enormous rates are paid by outsiders to insure some vessels. I have represented the matter to Lloyd's twice." In the first letter, dated February 10th, Mr White said :—" I shall be obliged if you will bring the following to the notice of your com- mittee, who will, I trust, consider it a matter worthy of their consideration. Since 1906 there have been continual, almost daily, re- ports in the papers that high rates of insurance were being paid on the ss. Oxus, which steamer belongs to the Lombard Steamship Company (Limited), of which I am manager, and when I have had any insurance to effect on any of our steamers I have been told by our brokers that they have difficulty in doing such on account of the high rates being paid on the Oxus. We have not effected any of the insurances that are reported to have been done at high rates on the Oxus, but have each year reduced our insurance; therefore, whatever lines have been done have been for account of gamblers, who have no legitimate interest in the ship. J have also been told by our brokers, when in- structing them to renew our expiring annual policies on the Oxus, that underwriters, who formerly wrote lines tor us, decline to renew such, as they" stated they were making more money by tlaking total loss lines from others at very high rates. I venture to suggest, with all respect, that your committee, who are so properly jealous of the reputation of Lloyd's, should also safeguard the interest of those who have legitimate insurance to effect, and not allow them to be prejudiced in the business they wish to do at Lloyd's by transactions being carried on there which are nothing but a species of betting of a most demoralising ten- dency. When an owner hears of his steamer being covered at exorbitant rates, he natur- ally feels anxious whether any effort at foul 'play is being attempted with his employees but in the case of the Oxus we have had the satisfaction of knowing she went through in the same district at the terrible time of the earth- \quake at Jamaica, when two Hamburg-Ameri- can Line steamers, uninsured, were lost, and on her last voyage she was very near the French Government transport when lost on the coast of Morocco. I regret to have to trouble you with this letter, but trust your committee will consider the subject of sufficient importance, as touching the interest of their members, as well as shipowners, as I understand other owners hfave had similar ex- perience in regard to their property. If under- writers would decline to accept any insurance except for account of the owners of the ship, or cargo, or other legitimate interest, which purely is the true object of Lloyd's room, they can soon stop the gambling transactions com- plainecl of." The Secretary of Lloyd's replied as follows In reply to your letter with regard to the high rates of premiums charged on your ss. Oxus, I regret to inform you that this is a matter which my committee cannot influence one way or the other, as underwriters are en- tirely free to fix rates as they think best. I will, however, bring your letter to the notice of members." v Mr White wrote again on May 22, stating :— You were good enough to acknowledge my letter, stating your committee were not able to use any influence one way or the other, but you would bring my lettjer to the notice of your members. I hoped this complaint, which I only. made after enduring the annoyance for nearly two years of seeing quotations of high rates being paid upon the Oxus and the difficulty of effecting our insurances each year, would have caused the underwriters to dis- continue these speculative insurances, but I am told they still continue, and, consequently, when I wish to renew our expiring insurances I am told by our brokers such cannot be done except at most exorbitant rates. Although the Oxus has been through ex- ceptionally bad weather on her voyages, she had been fortunate in getting^safelv into port. Our position is so prejudiced by the gambling insurance thsit is being done that it has be- come the serious question of whether we can continue to run this ship, as we are not justi- fied in becoming our own underwriters. As I stated in my former letter, it must be within the power of your committee to use an in- fluence to stop speculative insurance of the description referred to being effected in Lloyd's room. It is gambling of the lowest type, and fcaii only,-so far as the insured are concerned effecting such, be done in the hope that they can gain by some foul play. It cannot be supposed that people can be pay- ing the enormous rates that are reported in the hope of recovering by ordinary risks of navigation. Ítrust that your committee will appreciate that I have not hastily complained, but as I have stated, have endured the annoyance, and, io some extent, loss for a very long time, but it has now got to a stage that we must know whether we are able to do our insur- ances, or Lloyd's room is only to be a place for gambling to the prejudice of owners, and, if so, this must be made known to the public and efforts made to see whether Lloyd's room is to be more immune from such procedure than has been decided in respect to other parties and places. I hope what I write may not be misconstrued or considered disres- pectful, but that it will be appreciated that the serious position mentioned compels us to take proceedings to try and remedy such. if your committee cannot render us some assist- ance." The Secretary, Lloyd's, E.C. The further reply from the secretary of Lloyd's was as follows :—" In reply to your letter 22nd of May I am directed to inform you that my committee have nothing to add to their communication contained in my letter of February 12th." Mr White continued I am told there are 20 steamers in connection with which this sort of speculative insurance is taking place. So far as our own ship, the Oxus, was concerned, I twice changed the captain while this specu- lative insurance was going on. I also changed the engineer and other officers. I said, So far as I can do it, I will checkmate the "Insurers Of course, I had no reason ito suspect the men I changed. Strangely enough, I am told that there was very little specula- tive insurance on the ship at the time she was actually lost. There was a great deal twelve months ago. As to the remedy, I con- sider that this form of insurance ought to be made a penal offence. Lloyd's oUght to inter- fere. It is all very well {for them to say they have nothing to do with risks that members like to pay, but if on the Stock Exchange any- thing was done reflecting on the institution it would speedily be put a stop to. The authorities would first speak to the offending member, and if that was of no use. they would take a drastic course."

LLOYD'S CHAIRMAN INTERVIEWED. A Westminster representative has inter- viewed Sir" John Luscombe. the chairman of Lloyd's, on the ,subject. Sir John explained that the meaning of proof of interest is that the claim is paid without demur of any kind supposing that anything happens to the vessel insured. "Anyone can insure a ship, almost in the same sense as any outsider may insure the life of the King or back a racehorse in which he has not the smallest interest save the owner's belief in his property. Communi- cations have lately been exchanged between Lloyd's and the Board of Trade on this topic, the former's opinion having been invoked. It is probable also that Mr Winston Churchill will raise the question in the House during the autumn Session, with a view to seeing whether something cannot be done to abate the evil implied. Lloyd's have replied in the sense that the difficulty of legislating lies in the fact that, whereas there may ¡ be numerous wrong maritime insurances, there are also a great many right ones. Who, then, shall say that one has or has not insured a ship with felonious intent ? There are certain ship- owners. no doubt, whose business is not very attractive to the underwriters, but the stop- pages of these insurances opens up a wide question. Mr Winston Churchill will probably receive an influential deputation (including represen- tatives of Lloyd's and of the Chambers of Com- merce. of great shipping centres such as Hull, Cardiff, Glasgow, Liverpool, &c.) on the subject. But Sir J. Luscombe is pf the opinion that the difficulty might best' ae met by in- ducing the underwriters themselves to com- 11 The Queen of Spain in England. I Her Majesty, before 1 aving London for Osborne, made a call at the Spanish Embassy on Saturday morning. She is seen alighting trom her motorecar.—(World's Graphic Press.) _n_u Lock-keeper's Remarkable Record of Life-Saving. j Mr Harry J. Thane, lock-keeper at Marsh Lock, Henley. has again beaten his wonderful life-saving record. He already possessed four certificates of the Royal Humane Society, having saved no less than 24 lives, and a few days ago he plunged into the weir-stream, a particularly perilous undertaking, and rescuep. an 11 year old boy. who was being tossed about the whirling waters like a helpless cork. Our picture shows Mr Thane standing at his lock.—(World's Graphic Press.) The Tragedy at Abertridwr. I I I No. 5. Aberfawr-terrace. where the terrible affair took place, indicated by the cross.— fS.W.E."Photo.) I NOAH PERCY COLLINS, the accused man.(" S.W.E." photo.) ANNIE DOROTHY LAWRENCE, 1 the victim. I t bine, and, if possible, give expression to their views by means of a great meeting- here, again, rises, the difficulty, of Wetting the underwriters together as. a concrete body' The manifesto of theMerchant Service Guild lays it down that barratry among ship- masters, of the present generation is a thing unknown, and it is highly improper to suggest that there is even a possibility of their col- lusion with people who wish to insure a ship with felonious intent." The authorities at Lloyd's are in perfect agreement, with this most specific declaration. But they realise the extreme difficulty of dealing with the matter, unless by the expedient of altering a clause so as to make these insurances im- practicable. One thing is almost certain. The Board of Trade will take some action in the course of the coming Session. In conclusion, Sir John made an interesting reference to the enormous increase, in the last few yeara, in the insurance of shipping. This is, of course, a most important factor to be reckoned with in any legislation that may ensue in regard to this big question of maritime insurance and its possible evils.

A BROKER'S VIEW. Healthy Public Opinion the Remedy. A director of a leading firm of brokers at Lloyd's, whose opinion was also taken, de- clared that he looked to the formation of a heajlthy public opinion to remedy the evils associated with P.P.I." I expect much more from public opinion than from the Govertimejit," he said; in fact, I do not see what the Government can do. Therear&, thou- sands of these P.P.I.' arrangements which are perfectly legitimate, while others are purely speculative. It has been suggested that an end should be put to all these insurances, but that would be very unsatisfactory. Some- times cargoes are under vahied by the brokers, and it becomes necessary to effect additional insurances, or an owner may have spent a lot of money on his ship, for which, in the annual insurance, provision has not been made. In- terests of this nature, if it came to a question of proof, might entail considerable expense and difficulty,1 though genuine enough in them- selves. "Those risks, for which there is less to be said, will, I think, die a natural death, if. as I say. public opinion becomes aroused on this question. I doubt very much whether the people who takeout these policies make money out of them in the long run. At any rate, it is safe to say that the underwriters do not lose. As I have already had reason to point out, so long as underwriters write to persons who have no interest in the insured vessel, the practice will, of course, continue, and it is be- side the mark to suggest clauses which would hamper the bona fide insurer and would not be used by the gambler, In the discussion of this matter it is funda- mental to recognise that the underwriters are solely to blame. Their remedy is simple. They have merely to announce that they will not write to persons who are not interested, and then, if, in face of such an announcement. they are induced te write by the speculative nature of the insurance being concealed, they can rightly refuse to pay in the event of loss. There is reason to believe that the question is receiving the serious attention of the com- mittee of Lloyd's.

Motoring Accidents. ROYAL CAR OVER PRECIPICE. Chauffeur Dashed te Pieces. Coburg, Wednesday.—The motor-car in which Princes August Wilhelm and Oscar of Prussia, sons of the German Emperor, arrived here yesterday met with a disastrous accident on the return journey, near Obcrlaugeustadt, in Upper Franconia. The car plunged over a precipice, and the chauffeur was killed on the spot. His body has been brought to Lichten- berg.—Reuter. Accident Near Llandrindod. A Malvern motor-car out on hire met with a serious mishap near Llandrindod on Tuesday evening. Whilst descending Radnor Forest on the Llandrindod side one of the rear wheels suddenly collapsed. The car with the nine oc- cupants was overturned, and one lady, Mrs Williams, of Glenholme, Newent, Gloucester- shire, was pinned underneath. She was taken to Llandrindod Hospittal. She had sustained a terrible scalp wound, necessitating about 40 stitches being put in* On Wednesday morning, although prgressing favourably,she was not out of danger. Another lady had a very bad shak- I ing. Fortunately the aar was only travelling J at a speed of from 12 to 14 miles an hour. I Hon. U Bruce's Car in Collision. The Hon. Mrs Lyndhurst Bruce, better known as Miss Camille Clifford, the original Gibson Girl, was in a motor mishap on Wednesday afternoon in Wellington-street, London. Mrs Bruce was travelling in a motor- car with her husband, and as the car cut through a short thoroughfare from* Aldwych, behind the "Mornibg Post" buildings to Wellington-street, another car belonging to a motor-eat* firm came down Wellington-street from the direction of Covert Garden. The front of the latter vehicle came in contact with the back of the Hon. Lyndhurst Bruce's car, but fortunately both cars maintained their balance. Mrs Bruce and her husband received a violent shaking, but were otherwise unhurt. Beyond the shaking none .of the persons in the cars were injured. The back wheels of Mr Bruce's car were slightly damaged, and the front of the other car was badly twisted. Both cars were proceeding at a moderate pace at the time of the accident, and the conse- quences were not so serious as they would have been had the speed been higher. Mr Bruce telephoned for another car at his garage in York-road, Waterloo, and on its arrival he and his wife proceeded to their destination.

Lynton Brake Upset. PAS8ENGERS' AEftlAL FLISHT. A char.a.banc capsized on Monday near Wooda Bay Station, near Lynton. The horses took fright at a gipsy caravan and ran up a bank, overturning the vehicle. Many of the passengers were pinned underneath, and others were thrown over the ckravan. Dr.' Joynson, of Southport, one of the pas- sengers, who' rendered aid, states that there were no serious injuries to the passengers, but that all were badly cut and bruised. The car- riage was wrecked.

LANCASHIRE COTTON CRISIS. Masters Prepared to Stop Mills. By a vote of 92 per cent. of their members the Federation of Master Cotton Spinners, Manchester, have decided that if necessary they \Vil1 stop their mills to enforce a 5 per cent. reduction of wages. A month's notice of their intention will be given to the opera tives, who have expressed the opinion that the employers' action is premature, even though trade is admittedly bad.

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MR T. D. JOHN. Bankruptcy Meeting. BUSINESS/SOLD TO COMPANY. DEBTOR ASSERTS SOLVENCY. At the Official Receiver's Office. Cardiff, on Wednesday the first meeting of creditors was held in re Mr T. D. John, hotel proprietor, of Cardiff and St. Fagan's. Mr George David (the official receiver) presided, and there were a large number of creditors either present or represented, including the petitioning creditors, Messrs Doran and Co., Belfast, for whom Mr Lewis Morgan appeared Messrs John Dewar and Co. (Mr Robert Hughes), Messrs S. A. Brain and Co. (Mr W. Easterbrook), Messrs Basker and Elliott (Mr T. E. Lewis), Messrs Noah Rees and Sons (Mr John Rces), National Provincial Bank (Mr L. H. A. Pratt), Messrs A. C. Culley and Co., the Rhymney Coal Com- pany, Messrs Scliweppe's, Ltd.. Messrs Strana- ghan and Stephens, and Messrs Orme and Sons. Messrs Harold Lloyd and Cross repre- sented the debtor. The Official Receiver said he had felt it was desirable that the meeting should be called at the earliest moment and consequently he h&d not waited to have printed and issued the statement of affairs in the ordinary way. He had, however, had filed a statement of affairs sworn to by Mr John, which he (the Official Receiver) thought would turn out not to be an accurate statement, and therefore not to be relied upon. This showed unsecured creditors £9,854 10s 8d, creditors fully secured £ 23,111 118 7d, estimated value of securities £29,111 lis 7d, showing a surplus of £ 6,000. Contingent liabilities which it was. expected would rank against the estate for dividend were estimated at £300, creditors for rent recoverable by distress £ 797,7s. The Assets., As far as the assets were concerned Mr John had shares which he valued at £6,918. These consisted of 5,000 Ordinary jbl shares in John's Hotels, Ltd., which he valued at £ 5,000,1,918 Preference shares in the same company, which he valued at £1,918, Albion Battery shares of jE50 nominal, actual value estimated nil. Then he brought forward into his assets as surplus trom securities in his hands, creditors fully secured £6,000, making a total of £12,918, less JE797 for distrainable rents, etc., leaving the total assets S12,120, or a surplus of £ 1,966 2s 4d. John's Hotel Company, Ltd He (the Official Receiver) thought it was quite clear that the amount of liabilities ex- ceeded that which was state 1 in that state- ment of affairs, because he found from proofs which had come in that the bankrupt in mak- ing out the amounts of his liabilities to the various creditors had not taken into account of that sum bills which were running. He had stated bills which were running as pay- ments, which from a creditor's point of view was not quite the same thing In one firm alone there was a difference of f,300 in this way. It appeared that in the month of June last a contractwaa. entered' into between John and John's Hotels Company, Limited, by which Mr John agreed to sell to the company all the assets which were specified in that agreement. John's Hotels Company, Limited; had been registered a day or two only before this agreement was executed, and on the 2nd of June, immediately after it was executed, the company took possession and had retained possession since and had carried on the business. It was important from the point of view of the creditors to know that Mr John intended to convey to this company the whole of his assets. To use Mr John's own words, I sold everything I had in the world to the company." It was set out in the agreement that he (the debtor) was to receive 1,918 £ 1 Preference Shares, 5,000 £1 Ordinary Shares, and these were the shares which were now included in his assets, and which debtor valued at their full value. He was further to have £ 7,000 in 70 JE100 Debenture per Cent. Shares in thesame company. The company retained out of the purchase money £5,808 Os 7d to pay trade debts due by him, and these trade debts were taken to be those due on January 1st, 1908. It did not specify this in the agreement, but it was stated by debtor to him. Apparently no provision was made for creditors whose debts had been incurred between January, 1908, and the date when the agreement was entered into. Replying to a question byMr Lewis Morgan, the Official Receiver said that the debentures were issued. There was due on mortgages and Insurances £22,323 19s 5d, which the company was to pay. Constitution of the Company. It might be interesting to know of whom the company consisted. The subscribers were Mr Thomas Daniel John, the debtor, Mr Harold Court, of High-street, Birmingham, whom he believed was debtor's son-in-law, Mrs Louisa John, the debtor's wife, MrsAda Maud Court, who he believed was debtor's daughter, Mr Edwin Cadogan, Cardiff, a clerk in debtor's employ, Mr Edward Fower, master baker, Cardiff, and Mr D. Morgan Rees, a law student. These subscribers took one share each, but no fresh capital was subscribed for this com- pany. Heunderstood that debentures had been deposited with the debtor's daughter to secure a sum of £1,000 said to have been advanced by her to him in June, 1908, for money used for the purpose of carrying on the business of the company. Mr John's position with regard to the company appeared to be this-that he was the sole director and the governing director for the term of his natural life, or until he.should resign his office; and while holding such office he should have and be competent to exer- cise in and by himself all the powers given to the directors in the articles of association, and in case of his death while hold- ing the office of governing director or director his legal repiesentat,ives should have the right to appoint or remove a governing or ordinary director. It appeared from that that the busi- ness could be carried on by Mr John under the governing power of Mr John alone in the name of the company. I Extraordinary Position. The question of whether these shares, pre- ference or ordinary, were worth anything, was a matter for the trustee to consider. Itseemell to him (the Official Receiver) that this was a. very extraordinary position of affairs so far as Mr John's creditors were concerned, and that was why he had called that meeting at tho earliest possible moment, so that they could appoint a trustee who could investigate mat- ters. Unfortunately,things had drifted on until the vacation had been reached, and there was no public examination until the month of Oc- tober, but there were means by which an exa- minati on might be held sooner if deemed ad- visable. The debtor was to answe- any questions that i,he vmruitors mighT %h w put, but he (the Official Receiver) thought it would he advisable to leave questions, of any importance at ail events, to be put to him when he was being examined before the court. On being called into the room the debtor was asked by the Official Receiver if he had any offer to make to his creditors. He replied that the only offer he had to make was of the shares of the company. He added that he would not voluntarily make himself bankrupt, as he could show 20s in the E. The Official Receiver Very well, it is for the creditors to determine it. The debtor having withdrawn, the Official Receiver said that their first step would be to adjudicate debtor a bankrupt. Mr Pratt said that the only question was whether it would be wise to defer it, having regard to the conditions under which debtor held the leases of the Alexandra and Ship and Pilot Hotels. Deferring for a time would enable those creditors holding securities upon the Alexandria and other properties to realise them and so prevent the leases being forfeited and so diminish the claims against the estate. The Official Receiver said if this were done the value of the securities of the unsecured creditors was meanwhile being diminished. Adjudicated a Bankrupt. Subsequently it was resolved unanimously that debtor be adjudicated a bankrupt. Mr C. E. Dovey (Messrs Clarke and Dovey) was ap- pointed trustee, and the following were ap- pointed a committee of inspection:—Alderman Rr Hughes (John Dewar and Sons). Mr T. E. Lewis (Basker and Elliott), Mr W. Easter- brook (S. A. Brain and Co.), Mr A. C. Culley (A. C. Cullay and Co.), and Mr John Rees (Noah Bees and Son). The Official Receiver onWednesday made an application to the Deputy Registrar (Mr J. T. Phoenix) for an adjudication in bankruptcy of MrT. D. John, against whom a receiving order was made on "the 6th inst., and an order of adjudication was made accordingly.

CONGO ANNEXATION. Discussion in Belgian Chamber. Brussels, Wednesday.—The Belgian Cham- ber to-day discussed the second reading of the Bill approving of the Congo annexation treaty. M. Hymans (Liberal) submitted an amend- ment to the effect that Article 2 of the Extraordinary Budget should provide a sum of 45 million francs for works undertaken by the Fondation de la Couronne, and should fix the amounts to be disposed of and their distribution. M. Schollaert, the Premier, moved the previous question, declaring that it was in- admissible to modify the text of the treaty by introducing a provision contrary to the law relating to the liability of the State. The Government would only assure execution of works undertaken to the extent of 31 million francs. For the r«st, he would consult t&t Chamber. After a long discus. Yi the previous question was agreed to by 46 \^}les to 38, five members abstaining. On consideration of the second reading of the Colonial Charter Bill as amended on the first reading. M. Davignon, the Minister of Foreign Affairs, gave the result of the exchange of views between Great Britain and Belgium in regard to the future government of the Congo. Sir Edward Grey, he said, had declared in the House of Commons that a new Note would be addressed to Belgium. The Minister said the Belgian Government would reply suitably, with the sole desire of conciliating matters and bringing about a possible understanding which would draw closer ties,between Belgium and Great Britain; but the attitude shown by the British Foreign Secretary was far from causing Belgium to defer the date of annexation. In fact, it appeared from the viewa, expressed on various occasions by the British Government that it expected to see annexation carried into effect. -Reuter.

FLY IN THE SUGAR. A new phase of the marriage question was heard at Belfast Tuesday, when Mary Spence summoned her husband for assault. It was stated that,although the parties lived together, the husband provided hisown food and cooked it himself. Mr Graham, the solicitor represent- ing the wife, said Spence's meanness had gone so far that if she interfered with any of his food when she was unable to earn sufficient to provide eatables for herself there was a row. He actually put a fly in the sugar and covered up the bowl so as to detect his wife if she took a spoonful out. I have heard somewhere," said Mr Graham, that the American people boast they tan produce the meanest man in the world, but I venture to think he would not be a patch on this fellow." (Laughter.) Spence was ordered to find bail for his future good behaviour. ■

t In the Scottish Highlands. "A friend and I were cycling- through Scotland this Summer. We biked from Glasgow to the village of Luss on Loch Lomond. It was raining very hard. Up a mountain x road against the driving storm we pushed our machines. Arrived at Strpnachlacher, we found the steamer we. intended to take across Loch Katrine-was gone! We were compelled to go back 'overland' on our bicycles, and on the road became hungry as bears. No v shelter was, near. Down we sat on a streaming rock and ate Grape-Nuts. Fortunately I had bought a packet at Glasgow against a rainy day and here it was We ate two-thirds of it, and, on the strength of that meal, pushed our bikes in the) rain 17 miles to Aberfoyle, and at the end felt no sense of gone- ness' but were as fresh as larks. I cannot imagine how we could have endured the journey without Grape-Nuts." This food is made of selected parts of choice wheat and barley, including those which hold the minute particles of Phosphate of Potash, Nature's food for tired brains and nerves. Then, too, Grape-Nuts food is so skilfully made that the starch of the grains is changed into grape-sugar and rendered very easy of digestion. There is no waste, every ounce is nourishment in much heavier proportion than in meat, bread, potatoes, etc. Grape-Nuts comes in crisp delicate particles, having a charming flavour, and is ready to eat direct from the packet with cream pr milk. Grraue=Nuts I M. v There's a reason.