59
Monthly statements of assets and liabilities are
now being voluntarily submitted to the Registrar of Co-
operative Societies by 95 credit co-operative societies
and aggregate figures are published monthly in the Banking
Statistics Bulletin.
27.
Formation of an Institute of Accountants :
The appointment of a committee to make recommenda-
tions to Government regarding the advis bility of setting
up a Palestine Institute of Accountants has been approved
in principle by Government, and preliminary discussions
regarding the constitution of and procedure to be followed
by the proposed committee are taking place.
Public Auditors:
28. A draft Companies (Amendment) Ordinance empowering
the High Commissioner to revoke a certificate issued under
section 105(4) of the Companies Ordinance by the Government
of Palestine and entitiing a person to practice as an
auditor has been forwarded to the Secretary of State for
approval.
29.
Jewish Co-operative Advisory Committee :
The Examiner of Bunks his regularly attended the
meetings of this unofficial body in an advisory capacity.
30.
Credit Banks Urdinance :
The question of the repeal of this Ordinance was
thoroughly examined. It is generally agreed that the
Ordinance does not restrict the transactions of a con-
servatively managed credit bank while it confers some
minor