in the amount of $300 or less and who charge a greater rate of interest
than six per cent., shall obtain a license from the Bank Commissioner.
This act further provides for the regulation and supervision of such
concerns by the Bank Commissioner.

The 1929 session of the General Assembly passed what is known as
the Credit Union Law. This law provides that any seven or more per
sons, residents of this State, may apply to the Bank Commissioner for
permission to organize a Credit Union.

STATE INSURANCE DEPARTMENT
INSURANCE COMMISSIONER,

Office, Lexington Building, Baltimore.
(Term Expires April, 1935.)
Name Postoffice.
Commissioner:
William C. Walsh Baltimore
Deputy Commissioner:
Hazelton A. Joyce, Jr. Baltimore
Examiner:
John P. Albert Baltimore
Actuary:
Arthur M. Siegk Baltimore
Auditor:
Denton S. Lowe McDaniel
Chief Clerk:
John H. Coppage Relay
Clerks:
Alan P. Hayman Baltimore
Edward A. Perkins Centreville
Millard C. Stocksdale Baltimore
Wm. L. Colleran Baltimore
Miss Mollie Edna Bald ....Baltimore
Stenographers:
Miss Ruth Sulivane Cambridge
Miss Mary Toner Baltimore
Adjuster:
J. Frank Kenny Texas
The duties placed upon the Commissioner in the enforcement of the
insurance laws are very numerous and important, comprising the col
lection of large sums of money, principally from taxes on premiums
and license fees, examination of the financial affairs of all companies
organized under the laws of this State, as well as all other companies
doing business in the State that the Commissioner thinks proper to
examine, and supervision of the entire business of insurance within
statutory limitations. He is charged with the duty of seeing that all
laws of this State relating to insurance or insurance companies are
faithfully executed. For that purpose he is authorized to maintain
office and to employ such assistants as may he necessary, including a
Deputy Insurance Commissioner, an Actuary, an Examiner, an Auditor,
and in addition to these such clerical assistance as he may deem neces
sary for the proper and efficient discharge of the duties of his Depart
meat within an appropriation as provided in the budget.