is determined, the Board of Control shall proceed to assess a tax at
the rate of one-fifth of 1 per cent per annum upon all the deposits of
all the National banks in the commercial zone where the failed bank was
located until one-half of such loss has been collected from such banks.
The remaining one-half shall be borne by "The Depositors' Insurance
Fund."
COMMENT:--Since the commercial zone where the failed bank is located
is directly responsible for the failure because its board of control
could have prevented it, that particular zone should bear at least
half the loss. This is essential to impress upon all the bankers of
the zone the importance of selecting the very best men upon the board
of control.