Gentlemen :--I thank you most heartily for this unique privilage you have offered me of opening the first land Mortage Bank of the presidency in this most historic and sacred city. The subject of organising Land mortage Banks has been receiving the service attention of the Government for some time past and their importance has been discused over and over again on the public platfarm and in the press, and has been reiterated once again only the other day by Mr.Sivarama Menon while presiding at the North Arcot District Co-operative Conference held at Cheyyar While I was at Amburlast I had occasion to explain to the members of the supervising unions the conclusions arrived at by theGovernment on the matter of organisong land Mortage Banks.It will not be out of place here ,I think, to say a few words on the features of the new occasation,though at the risk of repeating myself.
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