On Tuesday Sir Eric Geddes made a speech at Glasgow
which embodied so much financial good sense in so short a space that the mere reading of it must almost compel agreement. Sir Eric Geddes's first point was particu- larly timely. " There should surely •be," he said, " some connexion between the financial policy of the country and its trade situation." Here in a word is the answer to the people who talk of " currency juggling," " warming the thermometer," etc., etc. The simple truth is that a country must have some financial policy, and that that policy, whatever it is, will react powerfully upon trade conditions. • The one desire of the many distingdished men who doubt the wisdom of our present policy is to discover another which will react differently. For that purpose Sir Eric Geddes wishes to call a Commission to re-examine the wI ole currency question :— " I feel most strongly that we are entitled to demand the most careful re-examination of this question by the most eminent and able Commission which can be appointed, containing not only representatives of financial interests and economic experts, but representatives also of industry and of labour." * * * *
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