42
CURRENCY AND BANKING
time in June 1963. This attracted further comment from banking interests and the accounting profession and, following resolution of the many points raised, it was decided to withdraw it and present a new bill which was finally passed on 14th October 1964. This Banking Ordinance came into force by proclamation on 1st Decem- ber. A Commissioner of Banking was appointed earlier in the year in anticipation of a provision in the Ordinance for such an office. He will exercise general supervision and control over the carrying out of the provisions of the Ordinance.
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