| Abstract: | In this study, which aim is to ascertain the efficiency of the investment programme, enphasis is concentrated on finding answers to the following questions: Are the objectives clear and unambiguous? How significant is the system of priorities, if any, set down in the plan? What are the investment criteria, and are they conflicting? Is the investment policy comprehensive enough to fulfil its objective? What effects would the allocation of capital have on the price level, and on the management, ownership and control of capital and credit markets. |