Financial Notes
THE BANK GOVERNORSHIP.
THE announcement last week that the Right Hon: Montagu Collet Norman and Sir Ernest Musgrave Harvey are to be nominated in next March for the Governorship and Deputy Governorship respectively of the Bank of England for the ensuing year may be said fully to confirm the idea that the principle of continuity of management has been firmly estab- lished at the Bank of England. It will be- Mr. Norman's sixteenth year of Governorship and Sir Ernest Harvey's sixth year as Deputy Governor. The announcement was well received in the City, for although there may be a divergence of opinion on minor points connected with monetary policy, it is felt that to no small extent the comparative steadiness of financial and social conditions here during the difficult post- War years can be attributed to the confidence in our banking system, the pivot of which is the Central Banking Institution,
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