Congressional Edition Volume 5613

Congressional Edition Volume 5613

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ... various parts of France? A. No. Q. Is the Chambre de Compensation here connected with the Bank of France? A. No; the Bank of France is a member of the Chambre de Compensation, and every morning the members meet and make exchanges. Q. Is there any agitation in France for a different system of note issue? A. No. Q. The people are contented? A. Yes; they are satisfied with the monopoly of issue in the Bank of France. Q. Is there no disposition on the part of the other banks to acquire a right to issue notes? A. No. Q. Your monopoly system is satisfactory to the people of France and to the banks? A. Yes. Q. Are the relations between the Bank of France and the other banks cordial? A. Yes; very cordial. Q. In case you rediscount bills at the Bank of France, what entry do you make in your accounts? A. It does not appear any more in our statements. We do not publish any items which are no longer included in our balance. Q. What dividend do you pay? A. Six per cent. Q. What is the character of your surplus? You have reserves, supplementary reserves, special reserves, etc.? A. They are reserves accumulated from the earnings and from the issue of shares. When we increase our capital we generally ask the new shareholders to pay a premium, and that premium is the special reserve fund. Q. What is the statutory reserve? A. We are obliged to put 5 per cent of the earnings in the legal reserve, which can not be divided unless there is a loss. Q. Do you include the bank buildings in the undivided reserves? A. No; we have put aside 1,700,000 francs in order to reduce the book value of our buildings; it is a sort of sinking fund. Q. How many employees have you? A. Including the country, something like 5,000. Q. Have you a pension system for your employees? more

Product details

  • Paperback
  • 189 x 246 x 8mm | 263g
  • United States
  • English
  • black & white illustrations
  • 1236753712
  • 9781236753717