During the 1940s and 1950s each of the participants in the process which had shaped lCFC and Finance Corporation for Industry (FCl), notably the Bank of England, the clearing banks, and the Treasury, sought to a greater or lesser degree to ensure that the Corporation behaved according to their particular plan. lCFC in turn was to respond in a variety of ways which, after a period of considerable struggle, were eventually to ensure the Corporation's autonomy and subsequent growth. It had been argued that ICFC's provision of funds should be complementary to services provided by the banks. The former would provide long-term ‘lock-up’ capital for buildings, plant, and machinery, for example, while the banks could continue to finance trade credit, stock, work in progress, and so on. Increased turnover, it was argued, would boost overdraft requirements to the benefit of bankers.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.