-2- was recommended by the Moyne Committee, which a somewhat similar body reported on the industry before the 1938 Act was drafted, and that this recommendation was not accepted by the Government at the time. But apart from differences between the two conceptions, conditions and outlook have so Changed to-day that I see no difficulty in adopting the idea of a Commission now. 6. On the financial proposals I have continued the consultations begun by my predecessor with the Governor of the Bank of England.