IRISH FINANCE
' REPORT OF THE BANKING COMMISSION. ’ DUBLIN, August 8.. .■ Measures to establish control of public finance are recommended in a majority report of the Banking Commission which was set up in’ 1934. 'The report declares that Eire is spending above her income and warns against further increases of the outstanding debt. The report recommends: (1) That the Irish and English pounds be maintained at the existing parity; (2) that the existing Currency Commission become the central banking authority; (3) that no increase be made in the existing deadweight debt, but that it should be reduced as soon as possible and strict control imposed; (4) that the Government’s borrowing proposals should be closely examined for possible monetary and financial reactions; and (5) that regular consultations should be held between the Government and the monetary authority on the currency aspect of the Government’s policy.
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Wairarapa Times-Age, 9 August 1938, Page 6
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143IRISH FINANCE Wairarapa Times-Age, 9 August 1938, Page 6
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