A FORWARD POLICY.
These are days when Financial and Industrial England after the War may almost be said to be "in the making " and the Bank Directors have shown on many occasions their recognition of the special responsibilities which attach to the central institution at this crisis in the country's affairs. The necessity for continuity of control and management accounts, of course, for the prolonged occupation of the chair by the present Governor, Mr. Montagu Norman, and the Directorate itself is now more representative than in former years of financial and commercial interests as distinct from purely banking activities. In Sir Josiah Stamp we have a com- bination of qualities and abilities as statistician, political econ- omist, currency expert,- and -practical business man, which makes his acquisition by the Bank of England Directorate a decidedly akiropriate one at the present time.
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