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receive deposits from non-members exceeding
a maximum to be determined by the High
Commissioner should be subject to the
restrictions of the Banking Ordinance
(Paragraph 47);
(iii) Existing Co-operative Credit Societies not
registered as Banks, which hold deposits from
(v)
non-members in excess of the maximum
prescribed should be given a time limit of
one year to reduce their deposits to the
maximum allowed provided that the Registrar
of Co-operative Societies may extend the time
limit for a period of another one year
(Paragraph 47);
(iv) Banks should not mention in their letter
paper their authorised capital without
mentioning the paid-up capital (Paragraph 18);
No Bank, having in its name any of the
following terms should be allowed to register
in Palestine: "Royal", "Imperial", "National"
or any other term suggesting patronage of His
Majesty, of any Member of the Royal Family, of
the High Commissioner or of the Government
(Paragraph 49);
(vi)
The definition of "Banking Business" should
include inter alia receiving money from the
public on deposit (Paragraph 45);
(vii) The High Commissioner should take power to
fix the maximum rate of interest served by
Banks to depositors (Paragraph 50);
(viii) Failure on the part of Banks to comply with
the provisions of the Banking Ordinance should
be