"The measures taken for the uni cation of the note-issue, and for the reorganization of the Central Bank as 'a Central Reserve Bank, will be w comed by both the banks and ithe business community, Our banking system has always felt the need of a powerful bankers' bank, able to grant Fe-discount facilities to the commer-lal banks. "The re-organized Central Ban's, working independently and free from the effects of political changes, will now be able to supply this need.
"The measures now to be under~ taken to bring about currency stability, and to strengthen the commercial banking system ty means of Increased liquidity along sound tines. combined with the announcement of the Government's intention to balance the Budget within the near future should have the effect of greatly in creasing general confidence, and 10 may possibly stimulate a rise in prices. Provided this movement Is not over done, and does not degenerate into ere speculation, such a result would be favourable to national economic recovery, and would be welcomed.
Text read from the printed page and cleaned; old type leaves the occasional error.