Question 194.— Would you think it well to amend the law so as to give to the holder of a cheque for which there are not sufficient funds, a right to receive whatever amount there may be at credit of the account?

Answer.—We think that it is now permissible for a bank to accept a cheque for part of its amount, and of course, subsequently to pay the partial amount, hut it is not obligatory, and we think that as a practice it would be open to objection. As far as the interests of the bank are concerned, we think that any legislation giving the holder of an unaccepted cheque rights against the bank would be highly undesirable. At present banks are responsible only to their own customers for what they do, or omit to do, in respect to any unaccepted cheque, and to alter this position would involve serious consequences.