ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Chartered Bank- Regaining Paradise

 THE annual statement of William George Pullen, chairman, the Chartered Bank Organisation, appears at first sight remarkable for the sympathy it expresses for the problems of the underdeveloped countries. The statement makes the important, if well accepted, point about the adverse impact of fluctuations in world prices of agricultural commo dities on the underdeveloped countries. The other problem that Pullen refers to is the more recently recognised one of the "ever-growing trek [in underdeveloped countries] of the country people to the large cities". He adds, "many governments are at their wits end to find solutions for the traffic congestion, pollution and squalid living conditions that arise from the overcrowding in the vast conurbations of the countries' capitals". This problem, according to him, "should now be the main area for international assistance, be it soft loans or technical staff".

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