* * * * POST-WAR PROBLEMS.
With the passing of time, however, and a clearer perception of the extent and complexity of the post-War problems, the City has come to recognize the wisdom of the Bank Court in persuading Mr. Norman to remain for a considerable period in office, and to-day there is general satisfaction that he should have consented to accept nomination for a ninth year. To attempt, even briefly, to enumerate these post-War problems and their connexion with international finance would be to occupy columns of the Spectator. I think, however, that the whole matter may be expresSed clearly, if simply, by saying that each year that passes shows that, partly because of its enormous direct cost, and still more by reason of its indirect financial effects, the clearing up of the damage inflicted by the War is the work of possibly more than one generation.
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