Sir George Schuster pointed out that the political disturbances in India and China had largely contributed to the world depression and that the restora of normal con- Fes ditions in India would considerably, ease the situation.
India, he said, could also contribute to the prosperity of the world and to her own prosperity by reducing the demand for gold for son-currency purposes. In this connection India required a sound Central or Federal Reserve Bank, based on national support.
In conclusion, Sir George stressed the vast benefits obtainable by from ce-operation the Empire and pointed out that India, however much she might develop her own industries, must continue to find markets for a large part of her erops.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.