Functions Which Require Definition

Manawatu Times, Volume 60, Issue 250, 23 October 1935, Page 16

Functions Which Require Definition

“The effeetivo use of an advisory body, the functions of which require careful definition, is an art which depends on personality and tradition. If it could be developed at Threadneedle Street is would go far to remove any lingering sense of distrust, and would strengthen the hands of tho bank in pursuing a steady course at times when a fickle public opinion might be calling for unwise or panic action. “It will be appreciated that these recommendations involve little real change. They really imply the overt recognition of changes which started many years ago, and aro still going on to-day. . . . The last thing these recommendations imply is a criticism of the bank in its present stage of evolution. Bather do they call for an acceleration of its growth along its present lines.. This is the real safeguard against ill-conceived and revolutionary change, and is the only sure way of developing the bank in accordance with the national needs of the future and of ensuring that it commands the confidence of the public in carrying out its supremely important functions.”