Mited.
New Section 355(1). In order to define
banking business more clearly it should be
provided that a company is included which
has as one of ita objects the carrying on
of a banking business; compare Section 3(2)
of
the main Palestine Ordinance
amended
levis
conus moki biom
66
in section 2 of the Ordinance enclosed. In
other respects consideration might desirably
be given to adopting the provisions of that
sub-section; or alternatively the minimum
amount of authorised and paid up capital
can presumably be fixed in relation to the
amount of business e.g. deposits, and in
Conform
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beamin which
You bant.
Moses 17
deferelor's
that event it should be considered whether
statutory provision should not be made for the
Advisory Committee to be consulted by the
Governor in this matter, and in such other
matters as the cancellation of a licence.
It is not clear whether the words “after
this part of this Ordinance comes into
operation"