of Governor Herbert R. O'Conor 317

Bank Commissioner—During the past year, this department had 93 State
banks, 21 trust companies, 12 mutual savings institutions and 33 credit unions
under its direct supervision.

In examination and supervision work of the going institutions, the depart-
ment has collaborated with the several Federal Agencies, thus avoiding duplica-
tion, and inconvenience to the institutions under State supervision. A uniform
report form for examinations has been adopted as well as uniform reports of
condition, both of which have been beneficial to the department and a con-
venience to the institutions.

As a result of the work of the liquidation division, 12 receivership estates
have been closed out and final payments made to the creditors in each of these
cases. There are 9 institutions now under the division of liquidation of the
department and every effort is being made to wind up these remaining estates
just as rapidly as possible consistent with the best interest of the creditors
involved.

Administrator of Loan Laws—The investigation of small loan offices new
consists of more than just checking the cards for inaccuracy in computing
interest. More important is the question of evidence that the borrowers' obliga-
tions have been properly executed.

If automobile insurance has been required as additional collateral for the
loan on the automobile, a check is made to see if same "has been issued in
accordance with the Attorney General's Opinion and in conformity with the
Insurance Commissioner's ruling relative to automobile insurance.

A further check is made to establish the company's policy as to length of
time the loan has been earning the high rate of interest, the percentage of
charge off, the number of profit and loss accounts, and the number of reposses-
ions, which latter must be made in conformity with the Attorney General's
Opinion. Where the policy of an office is not in accordance with the interpreta-
tion of the Small Loan Act as set forth in the various opinions of the Attorney
General's office and in the Uniform Small Loan Act itself, a conference is held
with the licensee, a procedure that has been found most effective.

Maryland Veterans' Commission—The Maryland Veterans' Commission is
composed of five members, all Maryland veterans, who are appointed by the
Governor, and who serve at his pleasure. The members of the Commission
serve without pay, but are entitled to actual travelling expenses necessitated
by their duties, when authorized and approved by the Commission.

During the last fiscal year aid amounting to $75, 000 was given to 8, 166
cases, as a result of appropriations for this purpose made by your body at the
last session.

Among other things, the Maryland Veterans' Commission assists Maryland
ex-service men and women and their dependents, who are residents of Mary-
land, and who are or may be entitled to aid from the United States Govern-
ment pursuant to Federal Legislation, in preparing and presenting claims to
the proper Federal authorities and agencies, and in securing and expediting
action thereon. It also makes and preserves a permanent registry of the graves
of all persons who served in the Military or Naval forces of the United States
in time of war and who are buried in the State of Maryland.

Unemployment Compensation Board—The Maryland State Employment
Service and the Maryland Unemployment Compensation Division operate under