abeyance.
50
Establishment of an Information Bureau:
21. In the discussion of this proposal at the first meeting of the Banking Advisory Committee considerable
divergence of opinion was found to exist. The representa- tives of the big banks took the view that the information
service offered by an official bureau would in all
probability be inferior to that already being supplied by their own credit information departments. Exception was also taken to the giving of information being made
compulsory. The representatives of the small banks
favoured the establishment of an official bureau.
22.
It is a matter for regret that no progress has been made in connection with the foregoing important recommendations made by Mr. Horwill, but it should be noted
in passing that the questions at issue do not directly
affect the interests of the general public.
They are
domestic matters concerning banks on which agreement
must be reached between the banks themselves. The Examiner
of Banks took the initiative in endeavouring to promote these schemes, but the banks have failed to agree amongst
themselves. In the circumstances no further action is at
present possible.
Liquidity
23. With a view to encouraging local banks to increase
their liquidity by investing a proportion of their resources
in British Government securities, Mr. Horwill recommended
that
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