With effect from April 1960, credits for the accounts of BMB depositors (eg monthly salary credits), originating from other banks, were
received via a system set-up by the Committee of London Clearing Bankers. As a non-clearing bank, the BMB was advised of the impact
of the new system by a Notice Issued by the Committee of London Clearing Bankers.
Head Office letter detailing an aspect of how branches should handle discrepances is reproduced below.