The Eastern Economist September 24 1948

To do so would be the flattest cotradiction of the democratic way of life the most We have given an assurance in the Security Couserious menace to our progress the wildest betrayal cil that it is the people of Hyderabad—not those of the of all that India needs. [...] Setalvad insurers; or the case may be that the State ought to the outgoing Chairman of the Indian Insurance be able to employ the substantial amount of the Companies' Association found it necessary in the community's savings available in the form of premia course of his speech at the twentieth annual/general in a manner most likely to benefit the country's ecmeeting of the Association hel [...] Moreover the part which the insuthe employment and remuneration of intermediaries ance companies are expected to play in the recently control of the capital structures and investment of life established Industrial Finance Corporation shows that funds all these have been accepted in principle by the the investment of the 'free' funds with the insurers vast majority of insurers and whatever di [...] If the Act is further strengthened It is almost customary in any discussion of the on the lines generally of the recommendations of the disadvantages of nationalising an industry to urge the Post-War Sub-Committee of the Insurance Advisory defects and deficiencies of State management. [...] The Conference met under the shadow The issue of control or decontrofin food has been hotly of a severe national tragedy—the disastrous floods d from Assam to the East Punjab and the prospects of debated and apparently the Conference was strongly scarcity in Cutch Saurashtra and Gujarat owing to the in favour of the reimposition—by stages—of control as failure of rains.