2.
should be made with the corresponding Straits Settlements Ordinance
(No.13 of 1923), especially of H..127 with S. S. 111 and of H.K.
130 and Seventh Schedule with S.S. 112 and Schedule A form C.
If not, what amendments are required?
ろ。
Should these provisions, after amendment, be applied to
all banking institutions in the Colony? and if so, by their
reenactment as a separate Banking Ordinance or otherwise?
If so,
Ought a Government Savings Bank to be set up?
should the suggestions in a recent printed Circular Despatch from
the Secretary of State be followed throughout, in particular as to (a) the rate of interest and (b) investment in sterling securities
with an exchange reserve? How far would existing and future
depositors in Hong Kong ake use of a Government Savings Bank if
the rate of interest was 2% ? ould the advantage to the
community be such as to justify the Hong Kong Government in agreeing to bear a small recurrent loss in early years and perhaps to set up an initial exchange reserve, if they were satisfied that
in the long run a Government Savings Bank would repay their
advances, pay its way, and probably make some contribution to
revenue in times when suitable securities can be obtained to
return a higher yield?
If so, should the use of the title Savings Bank be restricted to the Government institution (perhaps after the expiration of a period of years)? or should other savings banks be allowed to operate permanently? would the existence of a
Goverment Savings Bank make it possible to enforce on others a less strict regulation than might otherwise be thought necessary. (It seems clear that the existence of a safe Savings Bank paying a comparatively low rate of interest has not in the past dis- couraged depositors from going to unsound "savings banks" in
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