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Establishment of Inspection Committee.
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2.—(1) There shall be established an Inspection Committee of trustee savings banks.
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(2) The persons named in the First Schedule to this Act shall with the approval of the National Debt Commissioners, frame a [2]
scheme for the appointment of the Committee, and for determining the mode in which the members of the Committee are to be appointed and their term of office, and, subject to the provisions of this Act, their powers, procedure, and duties. .
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(3) A paid officer of a trustee savings bank shall not be eligible to be a member of the Committee.
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(4) The Committee may, with the approval of the National Debt Commissioners, modify a scheme framed under this section.
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(5) The Committee may with the approval of the Treasury, appoint such officers as may appear to be required for the execution of the duties of the Committee under this Act.
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(6) The members of the Committee shall be entitled to such remuneration by way of fees or otherwise as may be approved by the Treasury.
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(7) Every scheme made in pursuance of this section and every modification thereof shall be laid before both Houses of Parliament.
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[2 See Parliamentary Papers, 1892 (86), Vol. LXXII., p. 631.] |
