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Interviews on the Banking and Currency Systems of England, Scotland, France, Germany, Switzerland, and Italy

Interviews on the Banking and Currency Systems of England, Scotland, France, Germany, Switzerland, and Italy


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...at the Bank of France. Here we are more a business bank; we do not care for deposits from the public; we work with our own money, with the money which is the capital of the bank, and we are occasionally assisted by the capital of the directors, the people who sit around this table, who are all rich people and some of them bankers. As a rule we do not receive deposits from the public. Q. But you do receive some deposits? A. We receive the deposits of big companies which we have created or promoted or whose stock we have issued--they are our customers--but we do not receive deposits of small accounts from the public. Q. What is your capital? A. Our statement showed a capital of 75,000,000 francs and a legal surplus of 6,250,000 francs on December 31, 1907. We have special reserves, 21,250,000 francs, and provident or sinking funds of 36,300,000 francs. Q. So that in fact you have practically 150,000,000 francs ($30,000,000) capital and surplus? Are these reserves (surplus) earned from the profits of the business? A. Yes, with the exception of 21,250,000 francs, which is the premium paid on the new shares of the bank issued lately. Q. By whom are the acceptances mentioned in your report drawn? A. By big companies and big societies. Q. You are organized under the same laws as the general joint stock companies in France? A. Yes. Q. Have you a special charter? A. No; only state institutions have a special charter. Q. You make an annual statement to the shareholders? A. Yes. Q. And you are not examined by the Government in any way? A. We are examined by people appointed by the stockholders, who are called commissaires. Q. You have current accounts--190,000,000 francs? A. They are current accounts from big societies or governments. Q. Can you give us an...


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Product Details
  • ISBN-13: 9781151179708
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 140
  • Spine Width: 8 mm
  • Width: 189 mm
  • ISBN-10: 1151179701
  • Publisher Date: 01 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 263 gr


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