A Season of Mothers

in banking and finance, which has a long history, notably in the US, has seen a considerable revival in a number of countries, such as Canada, France, Germany and the United Kingdom. The recent scandal in the Tokyo securities market, which forced the resignation of the chiefs of the two largest securities houses in Japan, brings out the fact that despite the very rapid development of the securities market, transactions are still done on a discretionary basis in an atmosphere and under conditions bordering on impropriety.