Independence of " Philippines Suggested Postponed Washington, Dee, 22, Colonel Carmi Thompson, former} ted States Treasurer, who spent some months in the Philippines surveying economic conditions on behalf of President Coolidge, has made his report, recommending! postponement of the grant of absolute independence to the Islands but advocating concession of a further measure of autonomy in internal affairs as the situation warrants, He also recommends extension the Federal Reserve Bank system to the Philippines and the starting. of a "Landbank" there to furnish' farmers with loans at reasonable rater, He says that at present] rates of 12 to 30 per cent. are
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