Show TO GUARD AGAINST RAPID deflation U 8 RESERVE BOARD TO USE full FULL POWER TO CONTROL J C CREDIT EDIT 8 SITUATION cc course arse will be adopted to control credits and restore normal industrial du conditions in course of time of tile alf fk aral reserve board to exert alio cfall full power of tile reserve banking system lu in regulating and controlling the credit situation it course designed to I 1 IN and industry in ing it apro pro wor equilibrium wits was disclosed in the alic boards report made public february 23 the hoard board wits prepared to WA test tile ability of the hie system Hyst iiii to check ex und and to induce healthy 14 tiou tile tho board explained it aware of cl tile implied power to rectify tile condition which conf coti frants rootH the lie edu tills this I 1 power ower noc fol lowyd lowed the authority for and employ lilting of un till elastic clastic system of reserve credit mill mid noto issue assur it was added also were anade jo io tile congram for of 0 the reserve ic net act which would peril lit re IT links bunks to establish norinne wax max ikuta lines of credit accommodation for member banks an ail of would bo provided lit in vent woney was wan borrowed lor rowed above tit alic itle tills this tile boll isoard rd lc be ll loved evril would work to the ond end that cr odit expansion on oil it large settle would be stopped warning was waa given that file c t try itry i must guard too von ton it was pointed out however io wever that lint somo koino rom edles employed to cor r inflation inight cred croato 0 ev even all arrn 1 ti conditions inertly for trio lio soko of 0 and n 1 boody intuni it to not nor niall deflation 11 lovely for ahe sake 0 ot restoring security values field coin prices to their prewar itic levels without arvard for other would bo be till nn insensate tile report sald kuld |