The relation between the Cential Bank and the M inane Bank is directly under the super vision of the National Government, and is not in any way subordinate to the Ministry. of Finance, Any Joan, which the Central Bank may make to the Ministry of Finance, aust be authorized by the Court of Directors, Advances and overdrafts fon credit or on securities of dou!
market value are expressly for-hidden, The fact that the present Minister. of Finance is also the Governor of the Central Bank must be regarded a mere coincidence, The ordinal ces provide that both the Governor and Deputy Governor shall appointed by: the National Govern: ment from among the members of the Court of Directors.
Dank, to engage transactions on behalf of the nation, IE is not a comercio. enterprize, but a national institu.
functioning not.for the idea of it hut in the interest of the econiomig development of the people, thin connection, I desire to dwell somewhat on three of the principal missions of the bank.
Text read from the printed page and cleaned; old type leaves the occasional error.