6 JANUARY 1933, Page 34

TEE NEW YEAR HONOURS.

Among the New Year Honours none has given greater pleasure to the City than the Baronetcy conferred upon Sir Ernest Musgrave Harvey, the Deputy-Governor of the Bank of England. Few Deputy Governors have experienced a more prolonged strain during years of crisis than Sir Ernest Harvey, first as Deputy Cashier during the years of War, and later as Chief Cashier in some of the trying post-War years. Sir Ernest succeeded Sir Gordon Nairne as Comptroller of the Bank in 1925, and later was elected not only to the Board of the Bank but to the position of Deputy-Governor. How great have been the services he has rendered in that capacity is well known in the City, where he is held in the highest