IN IREL AND
FINANCIAL REPORT. {United press Association—By' Electric ; Telegiaph—Copyright). DUBLIN, August'B. Financial measures in order to establish the control of the public finance of Eire, are recommended in the majority report of the Eire Banking Commission. The Commission was set up. in 1934. : The report declares that Eire is now spending above its income, and it gives a warning against any further, increases in outstanding debt. ■ The, report makes the following recommendations :
(1) That, the Irish and the English pounds, be maintained at their existing'parity. , . . .
(2) That the existing Currency Commission should become the Central Banking Authority.. (3) That there be-no increase in the existing deadweight debt,' but that, on the, other hand, it should be reduced as soon as: possible,' with further eductions annually, - and with strict control being imposed. • ! - . (4) That any Government borrowing proposals should be closely 'examined for their possible monetary' and financial reactions.
(5) That regular consultations should be held between the' Government and the Monetary Authority on the currency aspects of the Government's policy. : (•■
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Hokitika Guardian, 9 August 1938, Page 5
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171IN IREL AND Hokitika Guardian, 9 August 1938, Page 5
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