^{Page 383 note 1} The Mulungushi Rock Speech, made north of Kabwe, April 1968, was published as Zambia Towards Economic Independence (Lusaka, Information Services, 1968).Google Scholar See de Gaay Fortman, B. (ed.), After Mulungushi (Nairobi, 1969).Google Scholar The Matero Hall Speech, made in Lusaka, August 5969, was published as Towards Economic Independence (Lusaka, Information Services, 1969).Google Scholar See Faber, M. L. O. and Potter, J. G., Towards Economic Independence: papers on the nationalization of the copper industry in Zambia (Cambridge, 1971)Google Scholar; and also Bostock, Mark and Harvey, Charles (eds.), Economic Independence and Zambian Copper (New York, 1972).Google Scholar The Mulungushi Hall Speech, made in Lusaka, November 1970, was published in Take Up The Challenge… (Lusaka, Information Services, 1970).Google Scholar

^{Page 384 note 1} See ‘Operating Ratios of Commercial Banks’, in Monthly Digest of Statistics (Lusaka), 12 1972,Google Scholar table 42, footnote 1, for a definition of liquidity ratios.

^{Page 385 note 1} See my earlier articles on ‘Financial Constraints on Zambian Development’, in Elliott, Charles (ed.), Constraints on the Economic Development of Zambia (Nairobi, 1971),Google Scholar ch. 5, and on ‘The Control of Inflation in a Very Open Economy: Zambia, 1964–1969’, in Eastern African Economic Review (Nairobi), 06 1971Google Scholar. See also R. A. Jolly and M. Williams, ‘Macro Budget Policy in an Open Export Economy: lessons from Zambian experience’, ibid. forthcoming.

^{Page 385 note 2} Cf. Sowelem, R. A., Towards Financial Independence in a Developing Economy: an analysis of the monetary experience of the Federation of Rhodesia and Nyasaland, 1952–63 (London, 1967), pp. 230–2.Google Scholar

^{Page 387 note 1} See Monthy Digest of Statistics for September, October, and November 1968.

^{Page 388 note 1} Interview at Bank of Zambia, Lusaka, January 1973.

^{Page 389 note 1} The A.F.C. claims to be refusing loans to those with debts outstanding to C.O.Z. – but that organisation in its early days did not even secure the names and addresses of some of its customers.

^{Page 389 note 2} The Standard and National & Grindlays each have an agricultural loans officer, but neither is resident in Zambia.

^{Page 390 note 1} Take Up The Challenge, p. 64.

^{Page 390 note 2} See the Ghanaian parliamentary debates quoted by Jucker-Fleetwood, E., Money and Finance in Africa (London, 1964), pp. 297–310.Google Scholar

^{Page 390 note 3} Take Up The Challenge, p. 64.Google Scholar