Chap. 519.—An ACT to authorize and require the re-payment pro rata
to banks which have paid the examination fees required by section
1169-b of the Code of Virginia of moneys collected by the banking
department of the State corporation commission in excess of $3,000.00.

(S. B. 345.)
Approved March 23, 1916.

Whereas, by an act approved March seventeenth, nineteen
hundred and twelve, and known as section eleven hundred and
sixty-nine-b of the Code of Virginia, there was prescribed a
scale of fees for the examination of banks by the commissioner
of banking proportioned to their total resources; and

Whereas, experience has shown that said fees are much more
than sufficient to maintain the expense of the banking division
of the State corporation commission, there being in the State
treasury on June thirtieth, nineteen hundred and fifteen, to the
credit of the banking fund of said commission the sum of twenty-
four thousand, two hundred and eighty-nine dollars and three
cents; and

Whereas, it is just and proper that any substantial excess
over expenses should be returned pro rata to the banks paying
said fees, therefore

1. Be it enacted by the general assembly of Virginia, That
« working balance of three thousand dollars shall be maintained
for the expenses of said department, and that whenever the
amount to the credit of the department shall exceed the sum of
seven thousand five hundred dollars, the excess over three thou-
sand dollars shall be refunded to the banks, State and national,
in proportion to the fees paid by them, and the auditor of public
accounts is hereby authorized and directed to draw his warrant
on the proper account in the State treasury in favor of the sev-
eral banks for a proportionate amount due to each under the
provisions of this act.