18 APRIL 1931, Page 44

Finance—Public & Private

Financing Industry


IT remains to be seen whether the scheme for the forma- tion of an important International Financial Syndicate, of which reports have been current for some time past, materializes in the months to come, but in view of the importance of the idea and of the influential sponsorship which it is said to possess, it may be useful, perhaps, if I give a rough outline of the general plan, though it should be clearly understood that at present public opinion is really based upon the piecing together of scraps of reports which may or may not be accurate in their various points of detail.