Page:Indian Journal of Economics Volume 2.djvu/455

 TO INDL{ subject is. industrial finance, wherein the souroo of for /ndulttdal enterprise are reviewed and the nmtu of financial assistance to be given by Government is considered, In spite of the fact that the Tats Industrial Bank was started* without Government assistance, the Commission is of opinion that industrial banks are needed that vill work with the help of the Government industrial extmrts whims appointment is proposed. 8ueh banks would be financially sound, In the moante it is proposed. that  Governmant gu .arantee be given to loans made by the existing banks. F/nally, the prin0ipal recommendations of the 0oremission mrs 8thered/nto two chapters on the provindal departments of industries*and s proposed Imperial Department of Industries. In each pro, vince they would have a Director o! Industries assisted by s Board of Industries; end in the larger provine, os there would be s Deputy Director and s staff o! industrial engineers, shamisis end other speedlists and teachers. To ensure that the Departments of Industries, Agriculture, end Co-operative Credit work in harmony it is proposed that they should be under the same member of the Provincial Executive Council. The Imperial Department of Industries is needed for the direction end co-ordination of the general industrial policy of the country. Many existing Departments o! the Government o! India would be transferred to this new industrial depart. etassifted a follows:--- I.--Glogy end Minerals. Petroleum. The ehem|qal resemreh. Slt. Explosives and 0hemfoal Service and Government factories for research or demonmtration. Gaoul lI.--Stationery and Printing. Commercial and industrial intelligence. Stores. Factories Act. Th5 general encouragement o! indus- tries, Technical and industr/al education. Gour Ill.---Inventions and Designs. Steam boilerin Acts. Electricity. 0rdn&noe Factories, Inspection o! ordnance minufaetures. propoied to establish an Imperial Industrial It is Service which will be recruited from specially trained men in India and with exports from abroad. The members the Imperial Service will be lent to the Provincial Indus-' trial Departments in accordance with their requirements iS on wih tho oduaatioxml, atrioulturs. l and