The financial resources directed through the Budget, the banks, loans for economic reconstruction, and the industrial fund, are only a means of distributing among the various branches of economics the corresponding material products. In the years from 1922 to 1924 general industrial revival was mainly dependent on the light industries. Predominance is passing to the branches of industry turning out implements of production. Bank-notes, shares, bonds, bills of exchange and other " securities " do not matter in themselves in the scope and rate of development ; they are only auxiliary implements for the calculation and distribution of material values. Of course, from the individualistic, capitalist point of view, and the view of individualistic economics in general, these securities have an independent importance of their own, for they ensure the possessor of a certain amount of material values.