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ONE OUNCE AIRTIGHT TINS

already started, since between August and October the banks lent an extra £100 million to bring their total advances to a point more than 9 per cent. higher than a year previously. And this growth took place at a time when lending usually falls off. government securities, and their advances amount to virtually the same figure. But before the war investments were sometimes only a third as large as advances. There will certainly be a move back to this position as each bank tries to increase its advances, and sells its gilt-edged securities to enable it to do so. And that implies a substantial growth in the amount of money available to lend.