23
Tes: The brother found the C.Agral's make about Shoplecipess blossoming out into backers coned be muck by saying that loans to friends & not general publin need not
be considered as banking busmer.
The SH. legestation ? provides for catificates to
English be given by anditon- Incombers of autam Societies & Institutions who must- mobably of not understand
Chinese (eg Customs purposes)
Mes & books showed herefor
le
if only
cept inglish for audit purposes. He small
top keper class thorned not
Come unto the presture
Put them
(r.).
leave this section as it stands.
Section 361(2). Sir P. Ezechiel points
out that this section does not make it clear
that if the rules of a Savings Bank Company
are amended after the initial approval by the
Governor, the amendments will require similar
approval. I think this should be made clear
in the Ordinance.
Section 362. I presume the Colonial
Government are satisfied that it is practicable
to ensure that the accounts and books of every
company conducting savings bank business shall
be kept entirely in English. This would be
of obvious advantage to the Examiner of Banks,
but it has been found elsewhere, è.g., in
I'm connectica with Income Tax], Seychelles and Tanganyika, that such a provision
could not be enforced in the case of e.g., small
shop-keepers and the like, and I think we
should ask the Colonial Government for some
assurance on this point.
ů
Section 364. The B. of E. state that they
are not clear whether this section means that
deposits cannot be increased by more than $200
a month net, or whether it means that deposits
in any one month, irrespective of withdrawals,
must not be greater than $200. I think the
former is the case.
They are also not clear whether the
intention of this section is that sums of $1
or multiples thereof, up to a maximum of $200,
may be accepted at any one time. With all
deference, this seems to me to be clear from
the section.
The