225
the
offered to conduct the Savings Bank thelf. Being impelf overwhelund with work, with a new. Stamp Ordinance to
scheme for get into working order, a schone introduction of Postal Notes in haud, and the endless anxiety of our Opium Revane, I was, though willing to attempt the Bank unself, profoundly thankful to have so prosperous an intitution HongKong and Shanghai Bank to
of it. That Corporation had successfully opened a Savings Bank at Shanghai, where, without any of elaborate Machinery of Ordinances re Savings to the amount
of about £13,000.)
reliève me
A
were received in a short live
ao
the
our
a short time from shiprucetons, wates, engineers, pilot re; in a word from the most notoriously extravagant and improvident class of foreigners
s we have
out here. One cogent argument for allowing
the
int sve!
i.
the
open
Hongkong and Shaughai Bank to the Sairings Bank was that the Government
has not the slightest power to prevent its
doring
so, whereas the canying
arpa
· carrying on of a
Government Savings Bank would be
impossible without the co-
· operation of a:
loral Instituction, for the experience of Singapor
has shown that the investiment of savings.
Bank funds at home is impracticable.
5.
The Bank
advantages:
offered
these
(1) The carrying on of Savings Bank business from 10 to 3 every day except. Sunday, a clerk being always in attendance.
(2) The allouring depositors whore Savings have reached $100 to trauefor them to
to fixed deposit at 8 per cent.
(3.) The relieving the Government of all expense for printing or Stationery, salarie or gratuities, advertising, fittings
1e.
6. Against