December 31, 1966 ners, aided by an increasing expenditure for military material, will be able to keep the rate of growth at a sufficiently high level to blunt any pressures in the direction of a severe economic depression. For the present at least, the middle classes seem relatively well off. There have been some complaints about rising prices, but with unemployment at a post-war low and with wages rising almost as fast as prices, there would seem to be little cause for discontent. The impact and influence of the military planners, and those segments of Ame- FROM THE CHAIR The Delhi Cloth and General Mills Co Ltd Speech of the Chairman, Dr Bharat Ram THE FOLLOWING is the speech delivered by Dr Bharat Ram, Chairman, Board of Directors, The Delhi Cloth and General Mills Co Ltd, at the 78th Annual General Meeting held on Friday, the 23rd December,
