20 JULY 1929, Page 21

EASY ACQUIESCENCE.

Consequently, we find that important 'matters affecting the commerce and finances of the 'country- come chiefly before dpecial Expert. Committees, With full knowledge of all the circumstances; and because such knowledge—in its entirety—is not available to the ordinary banker or business man, there is a tendency to 'accept the decisions of these experts as more or less final, and to feel that acquiescence is the only course open. Nor, of course, am I suggesting for a moment that this general policy of acquiescence and co-operation has not in many instances served us well, and May do so again, but nevertheless it would be better for the country as a whole if the acquies- cence were of a more intelligent character, and if greater pains were taken by all concerned in banking and finance to diagnose the international financial situation so as to make their own intelligent contributions towards the solution of problems, on the successful handling of which the future of this country must very largely depend.