ABSTRACT
The period 1931 to 1939 opened in the midst of severe economic crisis and ended in the cataclysm of war. In 1933 a World Economic Conference assembled in London to seek and to recommend policies that might remedy the economic disaster which had overtaken the world. The conference came to the point of believing that the immediate key to the situation was the stabilization of the value of the dollar at a suitable rate in terms of gold. Embodied in the Local Government Act, 1933, the provisions resolved a long controversy and established a standard of auditors’ qualifications, approved by Parliament. In 1934 an idea was given which provided the Society—and indeed the profession—with a further invaluable facility for these purposes. By a happy inspiration, Mr. Bertram Nelson— then a junior member of the Council—suggested that the Society should arrange a short residential course for younger members of the Society.
