[116] since 1906 numerous banks have been started, amongst the most important of which in respect

1 Clyde per ton 2 13 3 3 16 0 Lead per ton 18 7 6 8 17 6 Tin per ton 137 0 0 157 0 0 Copper–Sheeting per ton 75 10 0 95 0 0 Wheat (GAZETTE average) per qr. But I am bound to own that the committee was right and I was wrong, for that publication has given the money market a greater sense of security than anything else which has happened in my time. Perhaps this is an exaggeration; but confined, as of course it was meant to be, to civilised Governments, it is not much of an exaggeration.

Those who live under a great and firm system of credit must consider that if they break up that one they will never see another, for it will take years upon years to make a successor to it. A good system of currency will benefit the country, and a bad system will hurt it. Once established, their activities are not limited. Lord Crewe looks forward (see his speech in the House of Lords, November 14, 1912) “with some confidence to the increased use of gold currency in India among the people, although it may be a long and indefinite time before it becomes the habitual and favourite coin in the country at large.

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *