These are not numerous scattered units merely, but an ordered system, the village hanks being grouped into Unions, and these latter all in touch with Central Banks. The Central Banks of each Province again are all linked up with a Provincial Bank, and these last are intended to be associated with an Imperial Indian Bank, which will be the consummation of the great scheme, and complete the imposing structure of the greatest banking organization in the world.
The unit of the plan is the village How, it may asked, can these be safely worked when composed of individuals, who as a rule are not reliable? It would be too much to say that all are successful, or that errors and faults are not common; bank failures are known, and will be known here and there. The great fact is that broadly speaking, the scheme has been found workable. It has received the support of the highest official class in India, amd the benediction of the King Emperor More than this, while it is cognized that there must be incessant supervision of the whole system from the bottom to the top, and great care to make the principles, on which it is based, under: by all responsible parties, the movement is seen to
Text read from the printed page and cleaned; old type leaves the occasional error.