It is quite possible, however, to agree with the conten-
tion that the decisions of the Bank, thoroughly sound though we believe them to have been, should be available for discussion by means of some regular procedure in the House of Commons. There is already close co-operation between the Treasury and the Bank. If a Treasury official were permanently associated with the Bank the House of Commons would be made more free than it is now of the necessary material for discussion. It is through the House of Commons, and not by direct representation on the Bank, that all the various interests which have often professed themselves to be aggrieved should make their grievances known. If ever the Government became the direct authority on questions of credit and currency we should never be safe from a resort to the printing presses by some Government in a tight place.
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