- -FINANCIAL - NOTES THE OUTLOOK.
But for the possibility of higher rates for money in America, indications are not unfavourable to easier monetary conditions here. The Dutch Exchange shows an upward tendency. A good deal of bar gold is due to arrive here during the next -few.ymeks,.and it may be hoped that the Bank will add to its
stock of the metal. On the other hand, it must be remembered that the Central Reserve is by no means strong that some
of the Central European Banks will be drawing strong; time to time upon such new supplies of gold as may be available ; and, further, that within the next few months foreign borrow- ing, with its effect upon sterling, seems likely to be a feature. Without, therefore, in any way suggesting that we may not get somewhat lower Money Rates during the early part of the year, I am inclined to agree with Mr. Keynes who, at the recent meeting of the National Mutual Life Society, emphasized the 'extent of the world's capital requirements and I incline to the view that such conditions might ultimately result in dearer money.
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