27 JANUARY 1933, Page 34

LOOKING AHEAD.

On the other hand, I know that the view is held in many quarters that the leading central banks of the world are likely to combine in a united effort to keep money rates exceedingly low with the object of bringing about a world revival in trade, and so powerful are those influences that it is thought investors must sooner or later be forced into securities giving the present low rates of interest or possibly even less. it may be so, but I cannot regard these artificial and in a sense manipulated markets are being in the long run good for the community. One eminent economic writer has said recently that he is inclined to believe that the world's troubles are largely due to Governments interfering in matters of finance and trade, and I am disposed to agree with him.