30 JANUARY 1926, Page 33




I FANCY that not a few financial writers will agree with me when I say that there is no more congenial occupation at this period of the year than being able to substitute for one's own views concerning the financial situation and outlook those of the expert bankers and business men. During the past week the country has had the oppor- tunity of learning the views of some of our leading banking authorities concerning present conditions in the country and the trade outlook, and further speeches will follow during the next few days with some of which I hope to deal in the next week's Spectator.

• On the present occasion I will refer more especially to the interesting speeches which have been delivered by Mr. Goodenough of Barclays Bank and Mr. Reginald McKenna of the Midland Bank. Before dealing separ- ately, however, with the main points of the two speeches I would draw attention to the fact that in one respect they were identical. That is to say, both of these eminent bankers were fairly optimistic with regard to the outlook. Both also evidently regarded the successful establishment of the Gold Standard as marking a step forward, and were disposed to regard the outlook with hopefulness- - • -