71

it  happens  that  the  bulk  of  the  capital  is  held
in  that  other  ;  for  example  :  the  Debentures  of
the  Russian  Petroleum  &  Liquid  Fuel  Company ­
  move  in  sympathy  with  Consols  and  the
rest  of  the  London  Market,  rather  than  with
the  Government  Loans  of  Russia,  and  so  does
the  Frank  Jones  Brewing  Company,  although
the  brewery  is  situated  in  the  United  States.
Difficulties  of  this  type  tend  to  render  a  competent ­
  financial  guide  almost  an  essential  to
the  satisfactory  working  of  the  system  of
Geographical  Distribution,  and  to  the  production ­
  of  the  material  advantages  which  result
from  the  proper  application  of  its  principles.