SIR JOSIAH STAMP'S VIEW.
Quite recently I had the privilege of listening to Sir Josiah Stamp on the occasion of a dinner given in his honour by the Society of Incorporated Accountants. The moment, of course, was scarcely one for demonstrating fully the many motives inspiring the recommendations of the Committee of Experts,_ but, towards ihe end of his remarks Air Josiah left his auctence in no-doubt as to the importance which he personally attached to that part of the Committee's proposals relating to the proposed new bank. He said : " Those who regard international co- operation in the use of gold as lying at the root of the solution of most of our., other problems, and the avoidance of new ones, will see in the proposed bank for international settlements possibilities of the highest ultimate importance to the peace of the world. "'These words, and still more the manner in which they were uttered, con- veyed unmistakably the impression that Sir Josiah Stamp at all events has no doubt at all not merely of the desirability but of the urgent necessity for the creation of the new Bank.
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