CO129-561-6 Companies Amendment Ordinance draft bill- correspondence 18-1-1937 - 6-7-1938 — Page 38

POST OFFICE SAVINGS BANK

West Kensington, London, W.14

Telephone No.-SHEpherd's Bush 2000

RECEIVED

S JUL 1938

C. O. REGY

6th July 1938.

19

38

15

(2) on 1660/2

Sir,

In reply to your letter 53600/37 of the 28th of June 1938 enclosing a copy of a draft despatch and memorandum, I would point out that the stipulation contained in Section 364 of the draft memorandum, that annual interest should not accrue on any sum above $5,000, would appear to conflict with the section relating to the "Interest on limit deposits" in the memorandum accompanying the letter 1660/38 forwarded to this Department on the 29th of March 1938.

No comment is offered on the matter referred to in paragraph 2 of your letter which it is understood is for the consideration of the Board of Trade.

Apart from the above I concur in the proposed drafts so far as this Department is interested.

I am, Sir,

The Under Secretary of State,

Colonial Office,

S.W. 1.

Your obedient servant,

Жената

Assistant Controller.