In this article we
examine the relation between the localization of a given
topological algebra and the closedness of its corresponding
Gel'fand transform algebra. Applications on previous results on
{\em ``local} (topological) {\em algebras"} are also considered.
In particular, one proves, for instance, that any topological
algebra, strictly dense projective limit of local topological
algebras, having also a hemi-compact spectrum and the Gel'fand
application a proper map, is still local. This has a special
bearing on previous standard results, as well.