The auger bit adds a long deep spiral flute for effective chip removal.
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Two styles of auger bit are commonly used in hand braces: the Jennings or Jennings-pattern bit has a self-feeding screw tip, two spurs and two radial cutting edges. This bit has a double flute starting from the cutting edges, and extending several inches up the shank of the bit, for waste removal.
The Irwin or solid-center auger bit is similar, the only difference being that one of the cutting edges has only a "vestigal flute" supporting it, which extends only about 1â„2 in (13 mm) up the shank before ending.
The diameter of auger bits for hand braces is commonly expressed by a single number, indicating the size in 16ths of an inch. For example, #4 is 4/16 or 1/4 in (6 mm), #6 is 6/16 or 3/8 in (9 mm), #9 is 9/16 in (14 mm), and #16 is 16/16 or 1 in (25 mm). Sets commonly consist of #4-16 or #4-10 bits.
The "financial spirit" of Yongkang, the capital of hardware, is worth emulating
Yongkang City within the jurisdiction of Jinhua is known as China's “Hardware Capital†and is the country's largest hardware production base and distribution center. The People's Bank of China Yongkang Sub-branch regards the implementation of monetary policy as the top priority of the central bank's performance of its duties, based on the local, guiding financial institutions to take the initiative to support local economic development, and is known as Yongkang's "financial spirit." Strengthen policy guidance and effectively implement the monetary and credit policy. Taking the financial services real economy as the main line, the sub-branch issued the "Main Points of Financial Work in Yongkang City" and "Guiding Opinions on Money and Credit Work in Yongkang City" on the basis of investigations, which clearly stated the priorities of the financial system and the guidance of the credit support entity economy. opinion. Increase policy interpretation and improve the pertinence of implementing monetary and credit policies. Through economic and financial situation analysis meetings, monetary policy briefings, and credit meetings, the sub-branches actively contacted the local government and strengthened communication with government departments and financial institutions. The sub-branch also established a system of “monthly meeting, quarterly analysis, and annual assessment†between the local government and financial institutions, which facilitates the rapid and effective communication of information between the government and financial institutions, and also enables the monetary and credit policies to quickly and effectively interface with local industrial policies and Yongkang economic development strategy. Strengthen financial risk monitoring and control, and consolidate the financial stability foundation of the real economy development. The sub-branch establishes a safety information reporting system for key enterprise capital chains between government departments and financial institutions, monitors corporate information of 11 departments including foreign trade, land, finance, taxation, and courts, and timely reports to financial institutions to strengthen early warning of capital risks. control. Enterprises that have financial risks are treated differently and classified, and the positive effects of the support policies are maximized. The sub-branches also reminded business owners to stay away from bad habits, focus on industry, and adhere to industry through economic and financial situation analysis meetings, political and financial enterprise talks, and research visits to deepen financial service activities. At the political and financial enterprises held by the branch this year, representatives of local entrepreneurs issued the initiative of “Strengthening the industry, becoming the main business†and “Keeping away from bad habits and strengthening moral constructionâ€. The effective implementation of the loan-to-coin policy and the healthy operation of the economy and finance have enabled Yongkang's regional financial ecological environment to be continuously optimized and enhanced the financial innovation agglomeration effect of Yongkang. By the end of June this year, the balance of domestic and foreign currency deposits was 79.047 billion yuan, an increase of 11.861 billion yuan or 17.65% over the beginning of the year; the balance of domestic and foreign currency loans was 64.722 billion yuan, an increase of 5.892 billion yuan or 10.01% over the beginning of the year. The loan demand of the real economy has strongly supported local economic and social development. In the context of the international financial crisis, Yongkang has been hailed as “the most stable economic sectorâ€.