DUPLICATE DEPOSIT SLIPS.

Kumara Times, Issue 1111, 22 April 1880, Page 4

DUPLICATE DEPOSIT SLIPS.

The Auckland Star, speaking of the large defalcations by the teller of the Bank of New South Wales, amounting to between L3OO and L4OO, 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 lor that practice is the great difficulty in sheeting home the offence. Assuming that a merchant sends his clerk to pay LIOO into the bank till; no receipt is issued, and the merchant finding the money has not gone to his credit seeks an explanation. The teller thereupon denies all knowledge of the deposit, and declares that i! the money was sent at all the clerk has stuck to it. Who, then, is to determine between them? We have the word of the ( clerk against that of the 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 very clearly stated. They appear to be the very readiest 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 customers of the bank, and we never heard of their being abused. A receipt ought always to be given at the time money is paid. The main-spring of banking action is, of course, one of those mysteries into which the uninitiated is not supposed to intrude, but surely a simple matter affecting the customer so nearly as this does ought to be capable of a common sense explanation, which has never yet been vouchsafed.