1 AUGUST 1931, Page 32

FINANCE AND INDUSTRY. . .

With regard to the special question of finance and industry the Committee express their belief in the need for-closer co-operation between finance and industry, • but practical suggestions seem to be rather few. It, is apparently thought, however, that the usefulness of institutions such as the Bankers' Industrial Development Company might be further extended, and in that connexion it is suggested that the company just referred to should at a convenient stage be definitely separated from the Bank of England and have an independent existence. Them is nothing, however, very new in this idea, which obviously must rely for its success upon private enterprise and the supply of able administrators for that particular class of undertaking.