Show ENGLISH BANKS PREPARING FOR CREDIT DEMAND i R Re Rei Recommendations Made l for i war After War Reconstruction I b by hy r Committee I 1 Condon London rondon Dec Thero 23 There will bo nn demand for tor credit facilities crt crewed JIt the te reconstruction period and luring during t the ability I of or trado and Industry gon gon- trl rally 1 to pr pro l vI J for tor It Its financial n l needs will wUl d depend largely on tho the amount of or re reserves enes It IC has sae been possible pos poe ible sible to accumulate says nays tho the report committee on tho provision or of of ot the financial faculties facilities for tor trade trado after the WAr Issued today by tho ministry of or recons reconstruction t On To the tho reconstruction of ot trade trado rado and Industry on Bound sound financial anI ind and economic tho report con- con It will b bo o necessary at y to r reestablish re- re s- s ifa establish tills h a n II sound oU 1111 financial baste basis by y moans means of or an off f g gold old l standard to in check any undue expansion of or credit ind mad and to take tako to reduce e the In- In fi nation ilon of credit t to af more or normal mal proportions pro- pro portions Tho banks will be Le In a I poal- poal tion lon to meet domande tt for tor ordinary tanking facility Increased D B Commenting Commenting- on 01 thu tho expansion of or credit an and paper paper currency the tho committee committee com com- says Bays that whereas the total deposits at tho the banka banke of the United Kingdom exclusive o of or the Bank Dank of or Finland England glandt at tho the end and of or 1913 amounted to t oil sterling the amount of ur deposits now non Is nearly nearl 3 Tho Thu committee says It Is essential for or the reconstruction o of industry and to Impose restrictions as as' as i soon jooa as possible upon tho the creation of or I credit b by the tho restoration of or ofin ofin orIn in effective gold standard The policy of or trade organization now in n evidence is 19 welcomed by thu tho committee com cum as furnishing furnishing- a sound ba basis ls for tor fur I ranting granting credit facilities to industry St Stocks ka for t Workmen The Tho committee also believes that If It ift i t portion of oC the tho new Issues of or stocks which will be necessary for any manu- manu establishments were In tho the orm of ot preferred stocks giving a a. good in dividends dl and were reserved roser I or the workmen It would assist ma- ma all tr both financially und and in other dually important directions direction state aid while the com- com does not recommend tho the guaran- guaran of or banks by tho government gO or 01 he in investment of ot IHl public mone money In pans ans to persons who have havo been unable 3 obtain them from other quarters it iti i 1 considered ered that cases of or hardship U oay tay arise and aud to 0 meet them the com com- suggests the establishment of or a 11 mall committee of or government Of- Of t dais and business men to consider the an and 1 act as a tribunal Tho com- com als also o Is of or the opinion that t it bo be of oC great assistance to manu- manu If it a proportion of or tho the excess roms refits tax should be retained for tor a as a J. J loan Joan upon terms likely cl to cure an carl early repayment |