BANKS AND RECONSTRUCTION.

Colonist, Volume LX, Issue 14868, 17 September 1918, Page 6

BANKS AND RECONSTRUCTION.

POWERFUL AMALGAMATION

NECESSARY

(Australian and N.Z. Cable Association}

London, Sept. 15

Sir Edward Hold'en. addrefising the shareholders of the London City and Midland Bank, statod that three' hundred million sterling would be required .after tho war to finance the reconstruction of industries, the purchase of raw materials, and the expansion of trado. . Powerful amalgamated banks were more^hftn ever needed to meet the yew lS|pirouionts and maintain London as the world's centre of fma.'.tv. Ctrniany was extensnely aajaig.t.riißfcin^ banks as a prepaiation for ihe financial «ar. The British must l)uijd tip thei; credit and more laigely import gold, the world's* production of whick v,es dwjliuiiig. >■