Berlin, Sept. 14, A summary has teen issued today of the report of the Indian, Central Banking Inquiry Committee, which was appointed some time! Jago to. investigate the conditions of banking in India, including the organisation of the money-market, with a view to an expansion of inldigenous ce-operative. and joint stock banking, with special refer-Jence to the need of agriculture; commerce and industry.
The report says that the existing lagendes through which credit can lbe obtained consist. mostly of land Imiortgage banks and money-lenders.
The recommendations of the Icommittee are based on a reserve ink, which the Round-Table Conference last year agreed should be founded free from political influence. The Inquiry Committee make several recommendations as to the passing of a special Bank JAct and the training of young In-indians in advanced banking, currency land exchange.
It is recommended that the Bank JAct should contain certain safeguards protecting creditors, Hlinally the report says that the Committee finds no justification for the widespread belief that India Jabsorbs accumulated hoards of or-
Text read from the printed page and cleaned; old type leaves the occasional error.