18.
Lee
? covered by the
wewaal Causes of the
Palcoline Promance
I adopt tum
дро
welcome the use
ftho word "Smony"
(No. 27 of 1937)
press the matter further.
(2) Sir P. Ezechiel also points out that in
Falestine the method adopted to meet the dangers of
the banking situation was to appoint a specialist
examiner to make a full study and recommend the
legislation to be enacted in several stages. I doubt
if the comments which have been made on the full draft
Bill submitted show sufficient reason to turn it down
and adopt this suggestion. No doubt the Advisory
Committee, when established, may have further sugges-
tions to make, but these may well be considered later.
(3) The Treasury point out the fundamental
Whereas
importance of the examiner to be appointed.
the Bank of England consider that he should be a
banker of experience, the Treasury consider that
expert opinion can be conveniently supplied by the
Advisory Committee.
I think this question might be
left until we have to select the officer concerned.
The following are comments on Clauses of the
Ordinance taken in sequence:-
Section 2. The Bank of England point out that
the words "or any derivatives or foreign equivalents thereof" shld be added. On the more general aspects
of this Section it may be noted that the Board of
Trade consider that there would be objections to such
a provision in this country, as the use of such words
in a company's name might be wrongly regarded by the
public as implying some sort of guarantee. The General
Post Office, however, welcome this provision, which
was also recommended by the Palestine Committee and
has the backing of Sir Percy Ezechiel. It is also
included in the present Palestine Ordinance, which
as yet has not, however, been disallowed Though presumably
·
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