30
9. With regard to local Banks, there are 69 local
institutions actually carrying on banking business in
Palestine under the Banking Ordinance, 1921/1922 and the Credit Banks Ordinance, 1920/1922, of which 55 are
incorporated as Companies, 10 as Co-operative Societies
and 4 function as Credit Banks. According to the date of
incorporation they may be grouped as under:-
Date of Incor- poration
Commercial
Banks
Credit Banks
Co-operative
Societies
Total
1925
or before
7
2
5
14
1926
3
1
1
5
1927
3
3
1928
1
1
1929
2
2
1930
1
1
1931
5
5
1932
15
3
18
1933
17
1
1
19
1934
1
1
55
4
200
10
69
APPENDIX "C"
Of these Banks, 8 are possessed of paid-up capital, or
in the case of Co-operative Societies, "own funds", of
£P.25,000 or more, 6 of paid-up capital varying between
EP.10,000 and £P.25,000, and 42 have less than £P.10,000
paid-up capital; and in the case of the remaining 13
Banks, their date of incorporation is too recent for them
to have submitted returns to the Registrar of Companies
under the Banking Ordinance.
10. The following comparative figures have been
obtained from 56 returns for the year 1933 submitted to
the Registrar of Companies, a summary of which is attached:-
Total
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