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Introduction Consider a hi‐fi loudspeaker manufacturing company acquired on the brink of insolvency by an American multinational. The new owners discover with growing concern that the product range is obsolete, that manufacturing facilities are totally inadequate and that there is a complete absence of any real management substance or structure. They decide on the need to relocate urgently so as to provide continuity of supply at the very high — a market about to shrink at a rate unprecedented in its history.

“GIVE a dog a bad name and hang him,” is an aphorism which has been accepted for many years. But, like many other household words, it is not always true. Even if it were, the dog to be operated upon would probably prefer a gala day at his Tyburn Tree to being executed in an obscure back yard.

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Tenn. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.

This study examines how International Financial Reporting Standards (IFRS) are applied, disaggregates the cumulative effect of the IFRS transition into magnitude measurements of the standard-to-standard differences (by standard) and management discretionary choices (by choice) and tests which transitory effects at every level of disaggregation alter investor behavior.

Using hand-collected data from the IFRS 1 disclosures, the research design consists of eight regression models which test fluctuations in investment behavior as a function of varying measures of IFRS adjustments at aggregated and disaggregated levels including magnitude measurements of pronouncements and management choices.

Findings from the study identify specific standards and management discretionary choices associated with market reaction. Evidence from this study demonstrates the value of disaggregated measures to obtain a more comprehensive understanding of market reaction and associations with transitory effects of IFRS. Findings from the study suggest that the market favors management discretionary choices that decrease retained earnings and potentially increase future net income. Overall, model results suggest that a more comprehensive understanding of the specific standards is obtained that alters market behavior and how the market responds to positive and negative equity adjustments.

This study contributes to the literature examining the capital market effects of IFRS by decomposing the generally accepted accounting principle (GAAP) transition into magnitude measurements of specific standard-to-standard differences (by standard) and management discretionary choices (by choice) to understand how the market responds to the transitory effects of a GAAP change. This is important because it puts regulators, standard setters, investors and researchers on notice that the way in which the authors analyze and measure equity components could be consequential to the authors ability to assess a GAAP change. This study informs all jurisdictions which have adopted or are deliberating the adoption of IFRS how IFRS is being implemented and which areas of application are relevant to investors. Further, market reactions to accounting information pertaining to a GAAP change may only be revealed at the disaggregated and decomposed levels of the retrospective application of the GAAP implementation.

The purpose of this paper is to investigate the cause–effect relationship between vocational support and the levels of acquisition of practical skills via learning self-efficacy during a training intervention in computer maintenance technology among vocational electronic technology students.

Quasi-experimental research was employed. The participants were 84 undergraduates of vocational electronic technology education in Nigeria. The study applied the modified stages of the Dreyfus model of skills acquisition as the training model. The study proposed a four-simple mediation models based on the first four stages of the modified Dreyfus model of skills acquisition (namely, novice, advanced beginner, competent and proficient stages) via practical skills learning self-efficacy.

The result showed significant effects of perceived vocational support in practical skills training on the levels of acquisition of practical skills in computer maintenance technology. Learning self-efficacy mediated the relationship between perceived vocational support and three levels of practical skills acquisition (advanced beginner, competent and proficient).

All possible mediation pathways were not covered in this study. However, the study x-rayed the tendency of pathways in training intervention in vocational education and allied fields of study.

This study has empirically provided evidence to support the Dreyfus model of skills acquisition, as a plausible practical skills training model. Hence, the study can serve as a model for other researchers for replication in other fields of study.

To the authors’ knowledge, this is the first study that revealed potential pathways in work-related practical skills training interventions. The study has also validated the Dreyfus model as a potential skill acquisition model for practical skills training.

Before the appearance of our next issue, the Annual Meeting of the Library Association will have taken place. In many ways, as indicated last month, it will be an interesting meeting, largely because it is in the nature of an experiment. International conditions, the state of national and municipal finance, the absence of library workers with the colours, and the omission of social events, all tend to influence its character. It is possible, however, that these very circumstances may increase the interest in the actual conference business, especially as the programme bears largely upon the War. The programme itself is formidable, and it will be interesting to see how the section on the literature of the war, for example, will be treated. Probably the Publications' Committee have in mind the book symposia which are a feature of the meetings of various library associations in the United States. These consist of a few minutes' characterisation, by an opener, of a certain book or type of literature, and a discussion after it. The experiment was attempted in London last year at one of the monthly meetings, but owing to a misapprehension the speaker gave an excellent lecture on Francis Thompson of more than an hour's duration, when he had been expected to give a brief description of Francis Meynell's biography of that poet. If any gatherings for a similar purpose are arranged, we hope the speakers will be primed sufficiently to avoid that error. As for social events, their omission is less likely to be felt in London than anywhere else in the Kingdom. London is a perennial source of social amusement in itself, and the evenings can readily be filled there—“chacun à son goût”—really better than by attending pre‐arranged gatherings.

AT intervals the rules and regulations of libraries should be scrutinized. They are not in themselves sacrosanct as is the constitution of the Realm, but many exist which no longer have serviceable qualities. Nevertheless, so long as a rule remains in force it should be operative and its application be general and impartial amongst readers; otherwise, favouritism and other ills will be charged against the library that makes variations. This being so, it is imperative that now and then revision should take place. There is to‐day a great dislike of discipline, which leads to attacks on all rules, but a few rules are necessary in order that books may be made to give the fullest service, be preserved as far as that is compatible with real use, and that equality of opportunity shall be given to all readers. What is wanted is not “no rules at all,” but good ones so constructed that they adapt themselves to the needs of readers. Anachronisms such as: the rule that in lending libraries forbids the exchange of a book on the day it is borrowed; the illegal charge for vouchers; insistence that readers shall return books for renewal; the rigid limiting of the number of readers' tickets; or a procrustean period of loan for books irrespective of their character—here are some which have gone in many places and should go in all. Our point, however, is that rules should be altered by the authority, not that the application of rules should be altered by staffs. The latter is sometimes done, and trouble usually ensues.

TO those who have been accustomed to think of Newcastle only as the home of coal and “The Keel Row,” its general aspect will be found disappointingly clean and brisk. Although there is a lively air of business about the place, yet its crowds of pretty and well‐dressed women, its fine shops, and imposing institutions, all contribute towards removing the wholly‐erroneous impression which most strangers cherish, that Newcastle is the home of dirt and smoke and general unloveliness. Indeed, we know of only one other town of similar size, which has been visited by the L. A. which can be compared to it for the energetic bustle of its streets, keenness of its air, and good looks of its women, and that is Aberdeen, where, if possible, the energy is more energetic, and the air even more keen. We shall not compare the ladies! Leaving the Tyne to trace its unlovely course to the sea, and dealing only with that part of the town which, for one busy week, formed the camp of all kinds of librarians, it maybe stated that the institutions of Newcastle which possess interest for librarians are many and varied. The Lit. and Phil. is one of the principal centres of literary and social activity, and its library, lecture rooms, social departments, and other features make it one of the most influential institutions in the town. Its appearance is impressive, and its well‐ordered and well‐classified shelves appeal to every librarian who has the slightest progressive instinct. It has historic memories over a century old, and in many ways attracts readers and supporters in a manner which no municipal library can as yet pretend to emulate. Perhaps the secret lies in the amount of selectness which such an institution can afford its members, and the feeling that one can mix with other subscribers without any fear of accidentally consorting with a slum‐dweller or ambitious pitman ! With all its merits, and they: are many, the Lit. and Phil. has not yet learned the supreme secret of making a conversazione attractive and bright. But this slight criticism applies to other Newcastle institutions visited by the L. A. No doubt the failures arose from a misunderstanding on the part of the local committee, in assuming too confidently that Librarians could amuse themselves. They cannot. They are the dullest dogs on earth, unless someone takes them in hand and amuses them. But this is all by the way, and may seem a little ungracious, though it is only meant as a guide for the future.

What is now known as the Canning Industry commenced on the 30th January, 1810, when Montalivet, the French Minister of the Interior, wrote to Francois Appert and informed him that his—Appert's—new process for preserving foods was assured of success and thereby granting to the process the official recognition of the French Government. Official recognition also carried with it a money grant of twelve thousand francs—about £500 in those days—Appert won this prize on the principle of “Delhi taken and India saved for one rupee eight annas”—and died in the year 1841 a comparatively poor man and the founder of one of the world's greatest industries. As a result of the warlike operations in which it had been engaged, multitudes of sick and wounded were thrown on the hands of the French Government, and scurvy was terribly prevalent in the fleets. Hence the French Government gave a public notice that it would award a prize to anyone who should discover a cheap and satisfactory method of preserving foodstuffs, without either drying or pickling, so that they could be kept for a long period and still retain the natural flavour and other characteristics of the fresh product. Appert had worked at and perfected his process during the preceding ten or fifteen years and had thoroughly assured himself of its practicability. He was therefore well prepared to demonstrate the details before the Board of Arts and Manufactures of which Board Gay Lussac had been a member since the year 1805. The report of this body to the Minister of the Interior was entirely favourable, as was also that of General Caffarelli, the Maritime Prefect of Brest. Caffarelli had found that soups and vegetables prepared by Appert's process had retained their goodness after three months' bottling, and he had been able to supply what seemed to the diners to be fresh vegetables in mid‐winter. It need hardly be said that Appert's process for preserving foods is the one in use now. Appert, however, knew nothing of the principles on which his process depended, nor did anyone else at that time. He supposed putrefaction to be due to the action of the air alone. In this view he was supported by the great authority of Gay Lussac who, it will be remembered, imagined atmospheric oxygen to be the cause. Appert at the request of the Minister of the Interior wrote a short book on the subject—a practical treatise explaining the methods of preserving animal and vegetable substances. This book was almost at once translated into several languages. It would seem that one of the chief advantages that Appert hoped the French people would gain by his invention was the saving of sugar. Up to that time the only means of preserving fruit other than by drying was to immerse the fruit in strong syrup made with cane sugar, and sugar was almost impossible to obtain in France at that time owing to war conditions. He also says that the French Government wished to draw “the utmost advantage from the productions of our soil in order to develop our agriculture and manufactures, and to diminish the consumption of foreign commodities” ! This is exactly what we in this country are trying to do now in the building up of a trade in canned food, a hundred and twenty years later. The English translator of Appert's work complacently observes:—