Arizona republican., 1916-11-12
sue made afterwards, if possible at a

sue made afterwards, if possible at a premium.
 The bank would not accept deposits at call or notice, and only open cur rent accounts for parties who proposed to make use of the overseas facilities which it would afford
 The bank would enter into banking agency arrangements with existing Colonial or British foreign banks, and would have power to set up branches or agencies where no British foreign bank of importance exists.
 Where desirable the bank would CO., operate with the merchant and manu- facturer and possibly accept risks upon joint account, and would become a cen ter for syndicate operations. availing itself of the special knowledge which 1t would possess through its informa- tion bureau.
 In leading up to it's conclusions the committee says that from careful study Of the evidence taken and Knowledge of banking arrangements and facili- ties, there exist to a considerable ex- tent at the present time in this coun- try the machinery and facilities for the Financing both, of home trade and of large overseas contracts and for carry ing through much of the business which has been done by foreign banks.
 The British banks afford we be- lieve. liberal accommodation to the home producer" the report proceeds Similarly the Colonial banks and British foreign banks and banking houses render immense assistance to British trade abroad and certainly in the far east and in many parts of South America banking facilities do not fall short of those of any other nation. We find also that in the case or large contract operations British contractors, with the assistance of if nancial houses, have in the past been ready to provide large amounts of capi- tai and to take considerable risks in connection with the operations which they have undertaken.
 -"Our arrangements are faulty in our not co-ordinating many of the facili- ties mentioned. We recognize also that the British manufact cturers may be ire quently in want of finance Of a kind which British joint stock bank with liabilities as above described could not prudently proyftle, whereas the German banks in particular seem to have been able to afford special assistance at the inception of undertakings of the most varied description and to have laid themselves out for stimulating their
  successful completion
 The trade bank would in many ways be beneficial to the development of British industry and manufactures. IL might In certain cases after careful ex- animation agree to make advances for the extension of existing manufactur- ing plant or perhaps for the amalga- ton or coordination of certain works so as to reduce the cost of production. It would assist these works to obtain orders abroad and give them reasona- ble financial facilities for executing these orders
 If financial assistance is given by the government to undertakings in l with what are known as Key industries, the business should. if 1 possible, be done through the medium 1 Of the institution, and it should be ap- l pointed an agent for carrying through l he foreign commercial and financial ] transactions in which the government i s interested"
 Among many other suggestions is 1 ,r1e for -an up-to- date Information de- ! ,artment which will be independent of | he commercial intelligence depart nent of the board of trade but in close | ouch with it. This bureau should or 1 saniZe and keep up-to-d date the status . 'f firms abroad. It should secure the | earliest information from abroad of lew business openings, large contracts | offering state and other loans and is tue proposals.
 The scheme has been fairly well re- ,eived in commercial and banking ! ,Tcles-