The appointment of a banking committee in order, apparently, to limit the number of small banks that are springing up like muschrooms, is gazetted here.
Its function is to consider the practicability of and to make recommendations regarding the fixing of a minmum capital to be paid up within a years from the date of registration or to recommed some other suitable way of establishing the financial responsibility of a bank; fixing a minimum cash reserve as a percentage of deposits; limiting investments; giving retroactive effect to any recommendations and to consider the necessity and to make recommendations regarding the revis ion of the provisions of the banking ordinaces 1921-22 and the credit banks ordinaces, 1920-1922.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
