DUPLICATE DEPOSIT SLIPS.

Inangahua Times, Volume II, 14 May 1880, Page 2

DUPLICATE DEPOSIT SLIPS.

♦- The Auckland Star, speaking of tbe large defalcations by the teller of the Bank of New South Wales, amounting to between £300 and £400 says that fresh attention has been drawn to the refusal of one or two banks in the city to allow the teller to initial deposit slips. But for that practice is the grpat difficulty in sheeting home the offence. Assuming that a merchant sends his cleik to pay £100 into the bank till ; no receipt is issued, and the merchant finding the money has not gone to his credit seeks an exDonation. Tbe teller thereupon denies all knowledge of tbe deposit, and declares that if tbe money was sent at all the clerk -has struck to il. Who, then, is to determine between (hemP We have the word of the clerk against that of tbe teller. The objection raised to the system of duplicate deposit slips by those banks which refuse to recognise this mode of acknowledgement has never been rery clearly stated. They agpear to he- the reidi<st form of check', relieving the bank officials of the trouble of making out receipts. They are the handiest and most

satisfactory kind of acknowledgement to the customer of the bank, and we never heard of their being abused. A receipt ought always to be given at tha time money i$ pjaidU The 1 main/spring of banking actions, of course, one, of those mysteries into, which the uninitiated fs not supposed to intrude, but surely ft simple matter affecting the customer so nearly as it doea ought to be capable . of?" a common sense explanation, which hal never yet been vottebsafed.