The Sun.
London, England, 1853-06-30 00:00:00

THE NEW SAVINGS BANK BILL.

The Government has at last produced this imp
bill, and, on the first view of its various clauses (net
80), it appears very far from simplifying the present la"
but contains so many trivial and vexatious enactraelli
that we think it impossible to carry out the provisions
it, even if supported by the wishes of the trustee 17f
managers, with their great experience of the neceesitY
working such institutions with simplicity and safety
may be sufficient to point out a few of the many ebjec'
tions to the bill.
01
It must be premised that there are between 500 " .
set.
600 savings banks, which, with few exceptions, areaGo
mitted to have been conducted with great economy -00
efficiency, but it is provided that the commissi°,,n,se
shall have the power to appoint receivers to all t'-cici
banks independent of the trustees and managers,
is 9•
who ars to be paid such salaries as the said .
"1
sioners may determine ; these receivers are not to P
or receive without the presence of a manager, al3d,tl;e:
trustees and managers are prohibited from receivil?„E'
be
paying ; and on these conditions the country Will
liable for the acts of such receiver ; and unless the del'el
sitor's book is signed by the receiver, the depositor
have no claim in case of defalcation.
How this is to be carried out in the large establig;
ments especially, it is impossible to conceive, uni?s2A Of
depositors have more patience than is now requni
them in the well-conducted banks, where order aar, err
patch go hand in band ; and, notwithstanding tth •
vernment receiver is alone to interfere with the 73-till
manager or trustee must be present, and oonseclul not
unless such should be the case, the business *',o2r
proceed. It is put to all trustees and managers Watt
fusion and disappointment that would eonsecillsosP,.
arise ; neither is it possible, either in the large or se&
.banks, with their various localities, to comma!' es,
attendance from those whose services are gratuittbi be
It is likewise provided that four days a year ser,-tlis
set apart for depositors to produce their books not
auditors for examination, and that all those who List of
so produce them shall forfeit their interest, and a officst
such absentees forwarded to the National Debt eee•
and that interest shall not be restored without tbelliostt
sent. The depositors will fully appreciate this co V
and the trustees and managers will know it 0000
carried out with justice to a large body of the inclusd bolt
classes, and especially in the larger banks ; ribeat
such large bodies are to attend in the time Pregpgr,.
living, as the depositors are, all over the United row.
dom, and many abroad, appears impossible. sok
might be given to the banks to suspend interest Dios of
interest,be but
ha harassed
ss
e d person
withw hsouchha has saved a
regulationsfe
cases as they might consider fit to visit with se eh,
wwphoenunes 000
the
fortunate and rich man is exempt. t
From and after the 20th November the interesesitors
able on deposits is to be 21 per cent., but the dePoiat
are allowed to direct the trustees to invest their esieveri
if above 501., from time to time with the Colurelinterc't
for the Reduction of the National Debt., and V:re is °tiee
to be payable through such savings banks. for tia
premium held out to break up all savings bans,
allowance at present, without the largerdeposi:tenth of
not pay the expenses of the institution, for therefbree
all deposits are under 1/. The institution will whil tb
be left to struggle with pecuniary difficulties,er ce laarese
Government receiver would be exempt. An ers vihe,a
authorises the Government to appoint reeelv ke woe'
there are no existing banks, and in such cases „
act alone without the presence of managers.,_ve
It has been proved that the defalcations. n'"_o,ver
, as much from want of exercising the eTi-
r- the National Debt Office as from any other eorrec
alacrity a win'
yet that office will admit with what a ~he
ness the numerous returns for Parliamen"eiderieg
selves have been rendered, and also, putes
ha
immense number of depositors, how fstingeause, s
td,
ew ¢seessto
arY
arisen during the 36 years, where it was
refer to the barrister for arbitration. the value.a
These and many other Lets speak t°oluted l'°tTeeg
savings banks, and if inspectors were app the trio
more would be heard of defalcations. the vicua
and managers should be called on to e°llldtinbe persoisPers,
ing of the bank, and that they .sh' d that wilatiehle
liable jointly and severally by bond, an beim be 'soot
expenses they may incur for such bask s', ; and he
to be disallowed, no trustee could consenb,ossess,v
the National Debt Commissioners sheillu.'n for -I be
eSth' fits
receivershou l d s uischa aPP large Puv-s'
°intro 0
ipiaatinroennatgteo o f
determine
0;0
s
made, it would only be just, as in othe!e"bthe truo,
establishments, that the patronage should b 1'
of the c°oo
tees and managers, subject to the approval
._,„ out
.4
missioners. The immense expense of carryient_., of tO
measure can scarcely be covered by the red
u tl°'
interest.—Morning Paper.
commodious neo
Pursrdc BATHS
building ANhDasWj
uAsstrib-HeoenuS:ossl.7l3.etwedoh!
Estreet, St. Giles's:to serve for baths 04,10001
Reill‘udiseeOisßi-for the parish of St. Giles and St. George, 'lo.pooof
bury. The edifice is to be opened for these 51 to
this week. There are 16 baths for women al.; ice',o
men. Even the second-class baths are bake
attention to comfort, and the first class enL,
peted, and have all that the bather may requir_ 7tooe._
toilet. The same care seems to have been ne:chip, "
upon the wash-houses. There are wringing In iro°ll
drying closets, and every convenience both for,
and mangling. Each woman engaged in wasp
have a separate compartment for the purpose*

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IIItITISH

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