This is a report from 1906 by Edwin Walter Kemmerer, then Chief of the Division of the Currency, to the Treasurer of the Philippine Islands. It addresses the advisability of establishing a government agricultural bank in the Philippines. The report provides insights into the economic conditions and policy considerations of the Philippines during the early 20th century under American colonial rule. It offers a detailed analysis of the potential benefits and challenges of such a banking initiative, reflecting the debates surrounding economic development and financial systems in a colonial context. This historical document is valuable for researchers and readers interested in the economic history of the Philippines, the history of colonial finance, and the development of agricultural banking systems.
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