I wish to announce to the Dáil the names of the members of the Banking Commission which is about to be set up.
The following are the names:—
Professor Henry Parker Willis, of Columbia University—Chairman; Senator Andrew Jameson; Mr. J.H. O'Connell, National Bank, Dublin; Mr. F.J. Lillis, Munster and Leinster Bank; Mr. Lionel Smith-Gordon, Industrial Trust Company of Ireland; Mr. C.A.B. Campion, late of the Commonwealth Bank of Australia; Mr. R.K.L. Galloway, Ulster Bank, Belfast, and Mr. J.J. McElligott, of the Department of Finance.
The following will be the terms of reference to the Commission:—
"To consider and to report to the Minister for Finance what changes, if any in the law relative to banking and note issue are necessary or desirable, regard being had to the altered circumstances arising from the establishment of Saorstát Eireann."
Professor Parker Willis is sailing from New York on the 20th instant and the Commission will begin its work immediately after his arrival, that is to say in the first week in March.