CONDITIONS IN PARTICULAR INDUSTRIES. 337

central offices in London and Petrograd and branches in New York,
Vladivostok, Archangel, Odessa, and elsewhere. This last firm, of
which Lord Rhondda is president, is associated with the London
house of Houlton, Thompson &amp; Co., Ltd.
This briefly is the outline of the great coal mining and trading
organization known as the Cambrian Coal Combine. Embracing
every important branch of activity in the production and distribution
 of coal, the system pivots upon one man—Lord Rhondda. In
an interview published in the Black Diamond, August 29, 1914, page
162, he describes his position thus:
I am quite as largely interested in foreign depots and in distributing
 agencies as I am in the production of coal, organizations for production
 and distribution being distinct and independent. I am, in
fact, the only connecting link.
Cory Brothers &amp; Co., Ltd.—Another large English firm of coal
operators and traders is Cory Brothers &amp; Co., Litd., colliery owners,
coal depot proprietors, and coal exporters. The central offices of the
firm are at Cardiff and London. Foreign offices and agents are maintained
 in Paris, Genoa, Cape Verde Islands, Buenos Aires, Rio de
Janeiro, Pernambuco, Teneriffe and Las Palmas, Madeira, Bombay,
Aden, Malta, Port Said, Algiers, and Marseilles. The company
owns and controls 16 collieries with a total annual output of 1,450,000
tons and sells coal from many other mines. It has coaling stations
on every important shipping trade route throughout the world.
According to an advertisement in the Western Mail, Trade Supplement
 for January 1, 1916, page 15, its coaling stations are located
at the following points:

Dartmouth.
Portsmouth.
Aden.
Antwerp.
Barbadoes.
Bombay.
Brest.
Calcutta.
Canton.
Copenhagen,
Curacao.
Fayal.
Gibraltar.
Helsingborg.
Kingston.
La Plata.
Malta,
Messina.

Naples.
Oran.
Pernambuco.
Rangoon,
Rosario.
Saigon.
3t. Michaels.
St. Vincent.
Santos.
Singapore,
Syra.
Teneriffe,
Portland.
Stornoway.
Algiers.
Bahia,
Bari.
Bordeaux.

Buenos Aires.
Cape Town.
Christiania.
Corcubi6én.
Dakar.
Genoa.
Gothenburg,
Hongkong.
Lisbon.
Las Palmas,
Marseilles.
Mombassa.
Natal.
Para.
Piraeus.
Rio Grande do Sul.
Rotterdam. *
Shanghai.

1 Western Mall, Trade Supplement (Cardiff), Jan. 1, 1916, p. 2; Stock Exchange Offi
al Intelligence, 1914, pp. 1221-1302.
D7941°—=16—-23