Finance—Public & Private
Attacking the Banks
BEFORE this article appears in print the full details of the Government's financial proposals for balancing the Budget will, doubtless, have been revealed. The whole country will then know the extent of the sacrifices which it has been necessary for the Government to demand. There is little doubt that they will be considerable, more, perhaps, than had been generally anticipated, for the very good reason that there are few who have visualized the gravity and extent of the national emergency, though I do not think that the readers of this column each week can charge me with having failed to forecast the results which must inevitably follow upon the prolonged orgy of prodigal expenditure by the Exchequer. There is, however, little doubt that, following the lead of His Majesty, the taxpayers throughout the country will rise to the occasion and once again make what sacrifices may be necessary to re-establish an equilibrium in the national balance-sheet and to-restore the confidencein the national credit which has been so gravely impaired.
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