Excerpt from British Finance During and After the War, 1914-21: Being the Result of Investigations and Materials Collected by a Committee of Section F of the British Association
This volume sums up work that was commenced in the year 1915 by a Committee organized by the Section of Economics and Statistical Science of the British Association. Throughout the war period this Committee, under the Chairmanship of Professor W. R. Scott, F.B.A., of Glasgow, and with Mr. J. E. Allen as Secretary, accumulated a considerable mass of information as to the financial arrangements of the Government, and the course of events connected with Currency and the Exchanges. In order that the information thus collected might be available as soon as possible, four volumes of reports were issued, the first appearing in the year 1916 and the last in 1920. When the last volume was issued, the officials of the Section considered what would be the best course to take, as obviously a good deal of what had been published was fragmentary, and estimated figures, or figures which had been amended, needed to be brought up to date. The work that had to be done was not only great in itself, but required an immense amount of patience, and, above all, experience and knowledge of currency and banking conditions, in order that there might be proper control. Fortunately one of the members, Mr. A. H. Gibson, a well-known authority who had made some valuable suggestions to the Government during the war, very kindly offered to co-ordinate and make the necessary corrections. He had collected further information which would enable him to bring the whole of the work up to date. It was decided to accept this exceedingly generous offer, and Professor Scott as Chairman, with the Editor, were asked to see to the passing of the proofs through the Press. The Section owes Mr. Gibson a deep debt of gratitude. He has put into clear and chronological form a very great amount of information, some of which might have been lost, most of which would have been very difficult to obtain. It is all in this volume readily available and easy to understand in its full significance.
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