CO129-217 - Governor Sir Bowen Administrator Marsh - 1884 [7-10] — Page 151

148

Government Savings Bank would be

impossible

without the co-

operation of a

local Institution, for the experience of Singapore has shown that the investment the

of slevings Bank funds at home is impracticable.

کرم

The Bank offered these ~~

adcautages: - (1) The

carrying on of Savings

Bank business from 10 to 3 every day axcept Sunday a clerk being always

irr atloudovuce.

( 2 ) The allowing Depositors whose Savings have reached $100 to tranfer them to fixed deposit at 3 per

cont.

(3) The relicving the Government of all repouse for printing or Stationery salaries or gratīvities, advertising, .. fittings

a

น

/sec 17:01

Why it is

usprache.

fittings re

6.

Against those crucest be set the

sole disadvantage that the deposits a not

are

" guaranteed by the Government. This however applies equally to the deposits of every constituent of all the local Bank's Frere. The Bank has simpt given facilities to persons of seall

means to deposit senall sumes at time . The security which suffices their richer neighbours for very

much larger

amconuts will probably continue to satisfy these huuubler depositors also,

stake in the solvency

whose

aggregate

of the Bank is not expected to react- larger amount than cheques are drawn for every day

I cannot cite a better proof of the confidence

abready