30

5.g. by

specifying the

amow

treat information received by him as confidential.

New Section 358. I do not much care for

this section. Would it not be possible to define

more exactly what is to be savings bank business,

in particular by using some better word than

"minor" or "small", and leave it to a court to

say whether a banking company is or is not a

"Savings Bank Company" within the terms of the

Ordinance? If the proviso is to remain, I think

that clearly the words "notwithstanding anything

contained in this section" should come out

since the Governor in Council should be guided

by the previous provisions in arriving at their

decision whether a company is conducting a

savings bank business.

And also if the proviso

is to remain it should be made clear that on

the Governor in Council's declaring that a

business is a savings bank business the company

should be given ample time after the date of

the declaration to comply with the terms of the

Ordinance, for example Section 359.

WeDal.

30.5.38.

I support the dreggestion at At in Mr Boyse's minute for the preparation

of

A

draft desp. a

desp. a memo.

Flowell

7.6

I agree.

DEE for conson.

G.L. Man

745

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