PUSDAY, HAY 21, 197
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HE SAID THERE WAS A DILENA IN DECIDING UNAT CONSTITUTED A SMALL DEPOSITOR AND, THEREFORE, AT WHAT LEVEL TO PITCH THE MINIMUM SIZE OF DEPOSIT IN THE LEGISLATION). INS PROTECTION HAD TO 25 BALANCED AGAINST HIS PERSONAL, FREZDQ0.
BILL.
AND THE ABOVE FIGURES VERD EEING CONSIDERED FOR THE DRAFT
THE COMMISSIONER SAID THE FULL EFFECTS OF THESE RESTRICTIONS ON EVERY EXISTING COMPATTY COULD NOT BE JUDGED DUE TO THE ABSENCE OF AN OFFICIAL SPOKESMAN FOR THESE FIRMS AND ALSO DUE TO THE LACK OF COMPREHENSIVE INFORMATION CA THEIR ACTIVITIES.
+11! MY DAY-TO-DAY COHEACTS I HAVE KENTIONED THESE FIGURES AND THEY HAVE NOT DROUGHT FORMI ANY UNTOLAIDD REACTION BUT I WOULD WELCOME COMMENTS AND VIRUS FROM THOSE WHO MAY FEEL TIMT THESE LEVELS ARE EITHER TOO HIGH ON TOO LOV.
IT IS HARD TO BELIEVE THAT ANY FINANCE COMPANY CAN
EUT I FOR ONE JUSTIFIABLY COMPLAIN ACOUT SLIPLE REGISTRATION -- WOULD NOT WISH TO SEE ANYTHING FURTHER AT THIS STAGE.
AND IT WILL CERTAINLY NEED TO BE MADE CLEAR IN THE LEGISLATION THAT DY REGISTERLIG A COMPANY, COVERNMENT WILL NOT BE ACCEPTING A RESPONSIBILITY FOR THE SAFETY OF ITS DEPOSITS. THESE WILL BE HIGH SUN DEPOSITS AND IT IS UP TO THE HIGH SUH DEPOSITOR TO CEAR THE RESPONSIBILITY FOR HIS OUN MONY.+
TOUCHING ON DANK LICENCES, MR. CCKENDEN SAID THE FINANCIAL SECRETARY HAD STATED IN HIS CURSET SPEECH THAT KE CONSIDERED THE PRESENT BANK LICENSING POLICY TO DE ILLOGICAL AND PROBABLY IN NEED OF SOME REVIEU..
THE COMMISSIONER SAID KE AND KR. JOHTI KUTCH, THE PRINCIPAL ASSISTANT ECONOMIC SECRETARY VORE GIVEN THE TASK OF DEVILY AND AVE FORSLER A FAIRY EXTENSIVE INVESTIGATIJU AKAD. LE VISUALISE THAT, AS WELL AS CONSULTING THE BANKING COSTUNITY IN ITS VIDST SENDE, WE SHALL DE SOEKING THE COME ITS AND VIDUS OF REPULSENTATIVES FROM THE INDUSTRIAL AND COMERCIAL SECTORS.
+THIS IS STILL VERY EARLY STACES, OF COURSE, BUT I AM BEGINNING TO SEE THE ATTRACTIONS OF ISSUING A RESTRICTED TYPE BANKING LICENSE, ONE THAT G1 173 THE AFFLICANTS THE CENEFITS THEY REJUICE BUT DOES NOT EN ANDER CUN SYSTAI NOW RISK THE FUNDS OF THE DUPOSITON --- ESPECIALLY THE SHALL DEPOSITUR.
+BUT WE SHALL NOT DZ RUSHING ANYTHING AND VE SHALL LOOK CLOSELY AT ALL THE IMPLICATIONS OF EUCH AN INNOVATION. BUT UNTIL THIS REVICH IS COMPLETED, I CAN SEE LITTLE LIKELIHOOD OF FURTHER LICENCES CENG GRUITED UNDER THE PRESENT POLICY,+ NE SAID,
13. OCKENDEN VENT ON TO SAY THAT HE SHOULD LIKE TO SEE PROFESSIONAL TYPE ASSOCIATIO:43 DEVELOPING IN THE FINANCIAL SECTOR. ALTHOUGH IT WAS LOT UP TO THE GOVEINNENT TO SPONSOR SUCH ORGANISATIONS, HE EXPRESSED IS STRONG PERSONAL SUPPORT TO THEIR FORMATION.
THERE