The Archive · 1939

Currency Reserve

They provide that in addition to gold, silver and foreign currency, 80 be included ills of lading (bills of goods in godowns); investments in productive enterprises, and Government bonds.

All these, however, must not exceed 40 por cent. of the total reserve.

The joint committee of the four banks may invite representatives of Provincial and municipal chambers. of commerce to participate in public Inspection of the reserve against the note issue, All_ unnecessary expenditure of Government, Party and military offices Is tobe eliminated, but there to be no reduction in the salaries of, the stamts, 'There will be strict examination of the sale of foreign exchange, and also encouragement. of savings de posits for investment' in productive

Text read from the printed page and cleaned; old type leaves the occasional error.

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