49
Bankers' Association in suspense and to ruise it again after the lapce of 18 months when the full effects
of the Banking (Amendment) Ordinance, 1337, have been felt.
Formation of n Institute of Bankers in Palestine:
19.
This proposal was also considered by the Banking
Advisory Committee. A resolution to fom en Institute
of Bankers was adopted enc cub. comaiites was appointed
to consider ways and means of giving effect to the
resolution. This scheme was linked with the proposal to
for a B-nkers' Associ:tion and sa e result of the break-
down suffered by the latter scheme, no further progress has
been achieved in the form tion of an Institute of Bonkers.
20.
The establishment of Clearing Houses for Baks:
A proposal to establish a Brokers' Clearing House
in Tel-Aviv, as an experiment, was approved by the Banking
Advizory Committee, and on the initiative of the Angio-
Palestine E-na utd., draft rules and regulations were
prepared. Differences of opinion and opposition to the scheme 300 ppeared. The banks who opposed the scheme
argued :-
(-)
that the volume of cherues cleared daily in
Tel-Aviv aid not justify the establishment
of a clearing house; and that
(2) the scheme dram up by the Anglo-Palestine
Bank was too elaborate and costly.
Efforts by the Exominer of Banks to persuade the
opposing banks to co-operate in s simplified form of
clearing house were unavailing and, for the time being, the proposal to establish clearing houses is also in
abeyance.