Financial Times-A Journal of Trade Industry and Finance January 1938

The Bank finds that the The Co-operative Case attempt to make credit cheap can and has A large part of the above criticisms of Sometimes been carried to the extent of being the co-operative movement is undoubtedly Suicidal. [...] The naahajan would ask products the absence of uniform weights and for nothing better than this : it would be measures the paucity and remoteness of the about the best way to enable the mahajan to commercial banks—all these are stupendous win the war and to force co-operation either diffiCulties which cheat the cultivators of a to capitulate or to wind up. [...] What of the innumerable lanence the co-operative banks ogot sufficient mortgage banks—the Landschaften the State accommodation from the liniTerial Bank on Banks the Mutual Banks the Credit Foncier ' the collateral security of the societies' pretc. [...] The prevailing political and economic conditions object the author has in view is to ascehowever many reasonable people have recotain the basis on which the world-trade of nised the necessity and beneficence of methe future ought to be reorganised in order sures designed to protect national industries that it may be of benefit to all nations partinspite of their faith in the correc [...] It is not necessary to world trade as much as the advocates of ecthe quantum of the -goods and services that follow the author through the detailed disCuare available to a eontmunity which under a sion of the problem and the illustrations.