From 1919 to 1928 the Municipal Investment Bank was a much appre ciated institution in that it enabled the small investor to acquire municipal debentures by conveniently modest instalments. "Its re-opening on June 1, Is directly the result of the success of the recently. issued Municipal Loan and, in its way, it should help in re-establishing feelings of confidence which are so necessary at the present time. The Council is making provision for the needs of the "anal man and It is also ensuring to its treasury the possession of cash for the benefit of ils ways and means position. The Bank offers to holders of Municipal Debentures det-mite facilities for investment and its reappearance may perhaps be taken to mark a relaxation of the string gency which has had so depressing an effect on local conditions.
Text read from the printed page and cleaned; old type leaves the occasional error.