CO129-567-10 Companies Amendment Ordinance- draft bill 15-9-1938 - 28-9-1938 — Page 51

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that banks be permitted to lodge with the Palestine Currency

Bourd in London securities in multiples of P.2,500 instead

of the present minimum of £P. 10,000. This matter has been

examined by Government but has not been pursued further.

24.

Banking Statistics :

form of

Mr. Horwill recommended the publication in aggregate

(a) the monthly statements of Assets and Liabilities

of Banks rendered under section 4(1)(a) of the

Banking (Amendment) Ordinance, 1936.

(b) The half-yearly analytical statements of advances

made and bille discounted rendered under section

4(1)(b) of the Banking (Amendment) Ordinance, 1936.

The Office of Statistics

This recommendation was implemented.

issues every month a bulletin of banking statistics, which

incorporates the banking figures furnished by the Examiner

of Banks. Copies of the Banking Statistics Bulletin for

January to July, 1938, are enclosed herewith.

25.

Post Office Savings Bank :

Present conditions in Palestine re obviously unfavour-

sble for the establishment of a Post Office Savings Bank.

26.

Co-operative Societies :

Mr. Horwill's various recommendations regarding

Co-operative Societies have been embodied in the draft of on

enlarged Co-operative Societies (Amendment) Ordinance which

has been generally approved by the Jewish Co-operative

Advisory Committee and is now under consideration by the Law

Officers.

Monthly