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(11) All Banks operating in Palestine should
submit a quarterly statement, in the form
prescribed, to the Treasurer who will publish
a quarterly summary of banking business in
Palestine without disclosing names or
position of Banks (Paragraph 23).
(e) Advisory Committee
(1)
An Advisory Committee should be appointed
under the Chairmanship of the Treasurer
consisting in the first instance of
Mr. A.P.S. Clark, Mr. S. Hoofien,
Mr. L. Le Bouvier and a representative each of urban and rural interests (Paragraph 35);
(11) The Advisory Committee should examine and
report on the periodical statements and will
offer advice on matters referred to it by
Government (Paragraph 35). Dr. Smoira is of
opinion that the Advisory Committee should
include a representative of Co-operative Credit Societies (Paragraph 36).
(f) Liquidity of Assets -
The High Commissioner should take power to
determine the extent and liquidity of assets
to be maintained by local Banks if and when
necessary (Paragraph 35).
(g) General
(i)
No Co-operative Society having in its name the
word "Bank" or "Banking" shall register in
Palestine without the consent of the High Commissioner (Paragraph 49);
(ii) Co-operative Societies having the words "Bank"
or "Banking" in their names and those which
receive