The working of the District Banks should be so regulated as to bring about a maximum of efficiency with as little disturbance of existing trade conditions as possible. For this purpose, no more useful or better example could be had than that of the Presidency Banks in India. One very important distinction between the proposed District and the Indian Presidency Banks would be that while the former would have the exclusive right of note issue the latter only circulate the treasury currency notes. So far as the note system is concerned the Indian system is not ideal; further, in China, for a time at least, public institutions like the banks I propose, would enjoy more confidence than the treasury - which is known to have been almost criminally careless, with regard to the issue of paper money.