Clause 11

Every licensed bank shall when furnishing the returns required by section 12 of this Ordinance give particulars of all unsecured advances, unsecured loans or unsecured credit facilities granted by it to private or public companies in which it or any of its directors, officers or employees is interested as director, manager, agent or guarantor.

If on examination of the particulars supplied by a licensed bank under subsection (1) of this section it appears to the Inspector that any such unsecured advances, unsecured loans or unsecured credit facilities are being granted to the detriment of the interests of the depositors of that bank, the Inspector shall so advise the Minister who may, by order in writing, prohibit that bank from granting any further such advances, loans or credit facilities or impose such restrictions on the grant thereof as he thinks fit, and may by like order direct that bank to secure repayment of any such advance, loan or credit facility within such time and to such extent as may be specified in the order.