At the annual meeting of.the National Provincial Bank, Ltd., today, the Chairman, Sir Harry Goschen, said that the public in the year 1927 subscribed £317,000,000 of fresh capital for industrial purposes, "which is an indication of the country's savings."
Sir Harry Goschen thought that, in spite of banking amalgamations, rivalry between banks in Great Britain was never more acute and American and other foreign bankers ket. said that it was, were competing in the British mar-
evident that the Americans were doing their utmost to divert to the United States the profitable business ously confined to British Sir Harry Goschen, presiding at the annual meeting of the National theatres, cinemas and other places of amusement crowded with every evidence of prosperity. Retail establishments have never appeared to be more attractive or better supported by their customers, Indeed, it may be justly claimed that the general standard of living seems to be higher and implies increased expenditure. Consequently we may assume on increased earn-During the year £317,000,000 of fresh capital has been subscribed by the public for industrial and other purposes, of which £55,000,000 has been on' account of loans to foreign countries, which is some indication of the country's savings. There is live evidence that it has at last turned, and is, moving slowly towards better times."—British Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.