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Boot on Other Leg Too

undesirable aspects to competition. The most notable is that clients with large deposit resources would be able to secure unduly favourable terms through competitive bidding whereas the small man lacking such resources would receive less advantageous terms. Part of the answer to this is that each bank should operate on the basis of a published tariff of rates on deposits and advances and there should be no individual haggling on terms which would be both demeaning and wasteful But in the absence of a common authority to police them, even such published tariffs could easily give way to various abuses.

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