TAILIEUCHUNG - ANNO TRICESIMO OCTAVO ET TRICESIMO NON0

Use of the branch structure instead of subsidiaries could provide an affiliate or parent greater ability to withstand an idiosyncratic adverse shock for given levels of group capital and liquidity, so long as the shock is not so large as to threaten the viability of the group. This is because shocks in one part of the network may be offset by gains in another. A centralized organization enables the banking group to mobilize and re-direct funds from healthy affiliates to an affiliate that finds itself in trouble due to country-specific shocks, or to draw on excess capital/liquidity of an affiliate. | ANNO TRICESIMO OCTAVO ET TRICESIMO NONO VICTORIA REGINJE. . 1875. No. 22. An Act to consolidate and amend the Laws relating to the Savings Bank of South Australia. Assented to 15th October 1875. WHEREAS it is expedient to consolidate and amend the Laws Preamble relating to the Savings Bank of South Australia Be it therefore Enacted by the Governor of the Province of South Australia with the advice and consent of the Legislative Council and House of Assembly of the said Province in this present Parliament assembled as follows 1. The Savings Bank Act of 1861 and The Savings Bank RePeaL Act Amendment Act shall be and the same are hereby repealed. 2. The institution hitherto known as The Savings Bank of South Australia shall continue to be so designated and shall be managed by a Board of Trustees consisting of twelve persons to be appointed by the Governor. Name of Bank. Appointment of Tnistees. 3. The present trustees namely William Wyatt of Kurralta near Preset Trustees to be Adelaide Esquire the Honorable William Milne of Sunnyside firatTrustees-near Adelaide President of the Legislative Council Charles Todd of Adelaide a Companion of the Most Distinguished Order of Saint Michael and Saint George and Postmaster-General the Honorable Alexander Hay of Adelaide a member of the Legislative Council Josiah Boothby of Adelaide Under Secretary the Honorable Sir Henry Ayers of Adelaide a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George and a member of the Legislative Council Caleb Peacock of Adelaide Esquire Edwin Thomas Smith of Kent Town near Adelaide a member of the House of Assembly the Honorable William BB Morgan 102 38 39 VICTORIA No. 22. r The Savings Bank Act. 1875. Morgan of Adelaide a member of the Legislative Council William Henry Charnock of Adelaide Esquire the Honorable John Colton of Adelaide a member of the House of Assembly and John James Duncan of Watervale a member of the House of Assembly shall act as and be the first

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