Significant Speech by Chancellor of Exchequer London, July 25.
'The recent efflux of gold from the Bank of England, which has engendered fears that the Bank Rate anay be raised, lends significance to dhe speech made by Mr, Philip Snowden, the Chancellor of the Exchequer, at the Bankers' Bannet at the Mansion House last night.
Mr, Snowden declared: that finance and industry, like scissors, -soust work together.". He said they must continue to trust the Bank of England to deal with the present monetary situation, but they must able to count on the best ort of the other financial ins tions in the country.
Exchequer ial houses i ogard to lending to foreign coun-ries where the rate of exchange 3s unfavourable to Great. Britain. Ho expressed the hope that the present position would be tided over re grithout, an increase in the Bank Stewart, the film star, and George Rate, the psychological effect Which at the present time would be Anjurious Voth to trade and enterprise—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.