325
130
THE PALESTINE GAZETTE
6th February, 1986
6th February, 1936
THE PALESTINE GAZETTE
131
Substitution of new section in
place of section
5 of the Banking
Ordinance, 1921.
Substitution of
new schedules in
the place of the
schedule to
Banking
Ordinance, 1921.
5. Section 5 of the Banking Ordinance. 1921, as amended by section 1 of the Banking Ordinance. 1922, shall be deleted and the following section shall be substituted in the place thereof :--
6.
5.-(1) Every company and co-operative society carrying on banking business shall:-
(a) furnish to the Registrar of Companies, not later than
the first day of March of every year :—
(i) a statement showing the situation of its offices and branches in Palestine, the names of its directors and the names of managers of its branches and the names of its agents in Palestine:
(ii) an audited statement for the preceding financial year of the company in the form set out in the first schedule to this Ordinance of its assets and liabilities in Palestine and also a similar statement of its assets and liabilities outside Palestine:
Provided that in the case of a foreign company. the official balance sheet of such company issued in the country in which the company has its head office may be submitted, unless the Registrar of Com- panies shall require a separate statement in the form set out in the first schedule to this Ordinance of the assets and liabilities in Palestine to be filed
for the confidential information of the Governinent and not for publication:
(b) furnish to the Treasurer :—
(i) not later than the first day of March of every year a copy of the audited statement required under para- graph (a) (ii) of sub-section (1) of this section; (i) not later than twenty-one days after the last busi- ness day of each month a statement in the form set out in the second schedule to this Ordinance show- ing the position of the company or society in Pales- tine at the close of the business on the last day of the preceding nonth: Provided that the High Com- missioner may by order from time to time vary the form so set out in the second schedule to this Ordinance.
(2) A copy of the statement referred to in paragraph (a) (ii) of sub-section (1) hereof, or of such summary or particulars thereof as may from time to time be directed by the Registrar of Companies with the approval of the High Commissioner shall be posted in a conspicuous place in every office or branch of the company in Palestine for a period of one month under
a penalty of five pounds a day during default and shall be pub- lished by the company in the Gazette and in a newspaper circulating in Palestine.
(3) Every member and every creditor of the company shall be entitled to a copy of the statement referred to in paragraph (a) (ii) of sub-section (1) hereof upon the payment of a fee of twenty mils."'
The schedule to the Banking Ordinance. 1921. shall be de- leted and the schedules set out in the schedule to this Ordinance
shall be substituted in the place thereof.
FIRST SCHEDULE
ANNUAL STATEMENT TO BE PRESENTED WITHIN TWO MONTHS AFTER CLOSE OF YEAR.
Amount
L.P.
L.P.
6.
7.
1.
Deposits payable after notice or on a fixed date
5. Balances held for or due to other banks in Palestine (including advances by other banks in Palestine)
tine (including advances by other banks not in Palestine) Bills payable
Balances held for or due to other banks not in Pales-
3. Deposits on Current Account
Subscribed Capital
Paid-up Capital
2. Reserve Fund
6.
1.
8.
8.
Guarantees, Acceptances and other Liabilities on account
9.
Bills discounted overdue and unpaid
of Customers as per contra
10.
9.
Other Liabilities not included in the foregoing
11.
12.
13.
14.
15.
Amount
L.P.
Cash and Bullion in hand and in transit Government Securities (specify Governments) Balances with or due from other banks (including advances to such banks)
Bills discounted and falling due within three months
Balances with or due from other banks abroad
Cheques in hand on other banks
Bills discounted falling due after three months
(including advances to such banks)
Balances due from branches
Advances secured
Advances unsecured
Loans to Palestine Government, to Municipal Corporations
Investments in subsidiaries and in securities other than Government Securities.
Liabilities of Customers for Guarantees and Acceptances, etc. Premises
and to Local Councils in Palestine
17.
Other Assets not included in the foregoing
L.P.
Aggregate amount of loans to directors or officers of the banks and of any firms or partnerships in which they or any of them have any interest
I declare that the foregoing return is made up from the books of the bank, and that to the best of my knowledge and belief it is correct and shows truly and clearly the financial position of the bank.
Date....
I. P.
Manager
326