One would have supposed that everybody would have noticed what no one appears to have noticed—viz., that neither the reports of the branch managers nor the estimates of the inspector were the proper materials for the directors to act upon in passing resolutions writing off bad debts. The proper person to advise the directors on this, as well as on every other point, was the general manager of the bank. In practice bad debts were written off as follows: The general manager submitted a list thereof, and the amounts mentioned in such list were at once written off without hesitation or demur. In no instance did the directors interfere with or alter the general manager's recommendation. I am aware that what I say differs materially from the general manager's evidence on his examination before the court, but the point is one which does not admit of doubt. The resolutions on the subject arc entered in the minutes and bear out what I say. I quote a specimen:

"General manager lays on the table a list of bad debts amounting to £, and asks for an appropriation."