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16.
An Advisory Committee consisting of two official members
and eight non-official members was duly appointed. So far
the committee has met twice under the Chairmanship of the
Examiner of Banks. The committee discussed the recommenda-
tions of Mr. Horwill regarding the formation of a Bankers
Association, and Institute of Bankers, the establishment of
a Bankers Clearing House in Tel-Aviv and an Information
Bureau. The Committee also dealt with the matter of the
name of the National Bank of Palestine utd. mentioned in
paragraph 14.
PART II.
OTHER MATTERS ARISING OUT OF MR. F.G. HORWIL'S
REPORT ON THE BANKING SITUATION IN PALESTINE.
17. As a result of the uncertainty regarding the
political future of Palestine consequent on the Report
of the Palestine Royal Commission it has not been considered
opportune to take action on many of Mr. Horwill's recommenda-
tions. In the following paragraphs a brief account is given
of the action taken with a view to implementing certain of
the recommendations.
Formation of a Bankers' Association in Palestine:
18. At its first meeting the Banking Advisory Committee
examined this proposal and approved it in principle.
Subsequently certain of the foreign banks withdrew their
adherence to a Bankers' Association. Efforts to persuade
these bunks to reconsider their decision were unsuccessful
and eventually it was decided to leave the question of the
Bankers'