Eire’s Finances
DUBLIN, August 8. Financial measures to establish control of public finance are recommended in a majority report by the Banking Commission set up in 1934. The report declares that Eire is spending above her income, and warns the Government against further increases in the outstanding debt. The x’eporl recommends: (1) The Irish and English pounds should be maintained at the existing parity; (2) the existing currency commission should become a central banking authority; (3) no increase should be made in the existing deadweight debt on the counti’y, it should be induced as soon as possible, and the annual expenditure should also be strictly controlled; (4) Government borrowing proposals should be closely examined for possible monetary and financial reaction: (5) regular consultations should be held between the Governments and the monetary authority on the currency aspect of the Government policy.
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Bibliographic details
Northern Advocate, 9 August 1938, Page 5
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141Eire’s Finances Northern Advocate, 9 August 1938, Page 5
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