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PROVISION OF BORROWING FACILITIES. 



collect the debt ; and that in order to secure due exertion on the part 

 of the bank, it might be desirable to require it to pay fees on all 

 processes issued on its application through the revenue courts. In 

 reply to our letter, the Government of Bombay expressed its entire 

 concurrence with this view, and informed us that the Poona Com- 

 mittee also accepted it, though deprecating any charge on the issue of 

 processes. In regard to this point we may here state that we adhere 

 to our opinion that such fees should be charged. 



7. The other questions and demands of the Poona Committee have 

 been carefully considered by us, and, with the consent of the Govern- 

 ment of Bombay, we have again consulted SIR WILLIAM WEDDERBURN 

 personally, who is acquainted with the views of the Poona Committee, 

 on all the details of the scheme. We propose now, with your Lord- 

 ship's concurrence, to sanction the experimental establishment of the 

 bank in the Purandhar taluqa, and to find the funds required for the 

 preliminary liquidation. As all that we at present propose is the 

 trial of an experiment, we wish to meet the views of the promoters 

 as far as we can, so that the trial may be as fair as possible. At the 

 same time we keep ourselves free to watch its results, and commit 

 ourselves in no way to future action either with regard to the bank 

 which it is now proposed to open, or to any other institution of the 

 same kind. We consider that the requisite legislation should be 

 undertaken by the Government of Bombay (though this may require 

 a confirming Act to be passed by the Viceroy's Legislative Council), 

 and we propose to leave the supervision of the bank in the hands of 

 that Government. 



8. The most.important question with regard to the aid proposed to 

 be given to the bank is undoubtedly the recovery of the bank's debts 

 through the revenue courts. The objection has been raised that it is 

 undesirable in principle to give extraordinary remedies for the re- 

 covery of ordinary debts, and that if the aid of the revenue courts 

 were often invoked, they might incur the disfavour which naturally 

 attaches to the office of debt collector. We are not insensible to the 

 force of these objections : indeed, we should consider (as would also 

 the promoters themselves) the whole scheme to be a failure if frequent 

 recourse were to be had to this extraordinary method of procedure; 

 but the promoters of the scheme say they look to the recovery ^sL* 

 their instalments regularly as they fall clue from the crop, and urge 

 that the existence of this power will give them valuable facilities 



