32
prohibited from certain operations, such
as speculation in foreign exchange or
unsecured loans to private persons. The
section should be amended accordingly.
Section 371. It is presumed that
this clause would only operate in the
event of a company getting into
difficulties, and that normally the
ordinary withdrawal facilities through
the company would suffice.
It is not clear that under this
Bill the activities of savings bank
companies come within the purview of
the xaminer of Banks. As it is
desirable that they should be subject to
Government supervision, this point
should be made plain in the Ordinance.