Chapter 1 French Monetary Policy; Chapter 2 Speculation and Collapse in Wall Street; Chapter 3 Consumers’ Income and Outlay; Chapter 4 The Art of Central Banking; Chapter 5 Money and Index-numbers; Chapter 6 Mr. Keynes’s Treatise On Money; Chapter 7 International Short-term Investment; Chapter 8 Remedies for Unemployment1This memorandum was written in July, 1930, for the Committee on Finance and Industry, presided over by Lord Macmillan, and must be read as relating to the circumstances at that date. It was printed with the Committee’s Minutes of Evidence (vol. ii., pp. 315-21), and is here reproduced by permission of the Controller of H.M. Stationery Office.;

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