BANK OF ENGLAND.
POLITICAL INDEPENDENCE. TRIBUTE IN RECENT REPORT. LONDON. July 17. The Daily Telegraph, in commenting on the report of Lord MacMillan's committee 011 finance and industry, lays stress on the fact that tlio report is clear on one point, that it affords not the slightest encouragement to the favourite Labour nostrum, nationalisation of the Bank of England, as a first step to the public control of all banking. The report, on the contrary, pays a tribute to the bank as being independent of'political influences and as functioning solely in the public interest, untinged by motives of private gain.
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20929, 20 July 1931, Page 9
Word Count
100BANK OF ENGLAND. New Zealand Herald, Volume LXVIII, Issue 20929, 20 July 1931, Page 9
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