The Eastern Economist March 22 1946

Thus it may be enjoined on the licensing athorities that full publicity should be given to the.particulars of all the applicants in any particular case as 'also to the pre-determined rules and criteria by which all applications in particular industries would be adjudged and finally to the details of the decsions of the licensing authorities in the light of the pre-determined rules and cr [...] Council - will be composed of some or'-ofticio membe s but others a-e chosen for their idividual capacity—the 'Governor of the Bank or Friglni i the chairmen of the twn finance coporations the chairman of the London Stock Echange the chairman of the Capital Issues Commitee: The Capital Issues Committee in Britain which is the executive instrument of the Treasury to operate the. [...] Clause 18 seeks to intro"488 THE EASTERN ECONOMIST MARCH 22 1916 duce a comprehensive system of licensing of foreign banks of the Reserve Bank the grant of licence being dependent on the maintenance of a sound financial condition subject to the further stipulation that in the case of foreign hank the country of origin of the bank does not in any way discriminate against British Indian banks. [...] A. A HOUSING SCHEME FOR BOMBAY The entire area comprising the city of Bombay and the Greater Bombay is brought within the sOpe of the housing scheme evolved by the Housing Panel set up by the Post-War Development Commitee of the Government of Boinbay. [...] And every through the partition of Poland and the share amounting to one half of Rumania's oil output secured in payment of repara: tions and the Hungarian and Autral'an oil fields brink a total of 7 million tars of oil to Russia the total is" still less than what the Soviet demands to push up the pace of its reconeruction and 'rehabilitation prgramme.