4 JUNE 1988, Page 21

Saving my interest

UNKNOWN Eliot? Christopher Johnson, Lloyds Bank's chief economic adviser, has been searching the archives for T.S. Eliot's contributions to Lloyds Bank Monthly — part of his work in his nine years with the bank. The articles were published anony- mously, and Mr Johnson's attributions are based on style and subject. He picks out, from 1925, an essay on Churchill's return to the gold standard — 'Mr Churchill in his first budget has evidently adopted as his motto the old adage to be found in Spenser's Faerie Queene — "Be bolde" and its equally important corollary "Be not too bolde." This is followed by 'Indian topics', which begins: 'These are the days of economic committees and commissions, and India is no exception.' Or, as Eliot was to write:

The voice said, Cry. And I said, What shall I cry?

The first thing to do is to form the committees

" • I am sending these discoveries on to Professor Peter Levi.