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THE BANK CAPITALISM OF YOUNG BENGAL 99
amongst the most influential personalities not the Poles
but the Americans, Austrians, Belgians, Britons, French,
Italians and others. The Bengali people (47 millions)
will thus find the people of Poland (27 millions) as mov~
ing on more or less the same level of banking 'habits and
bank management.
The Co-operative and Savings Banks 0/ Bengal
Let us now turn our eyes to the co-operative credit
societies of Bengal as some of the purely Bengali banking
institutions. In the interest of uniformity in regard
to studies in comparative capitalism let us examine the
situation of a few years ago.
In 1928_29 16 there were functioning in Bengal 17 ,453
co-operative "banks" of all denominations distributed as
follows:
Denominations Number Working Capital
1. Agricultural Credit 16,930 Rs. 42,119,119
2. Non-agricultural Credit 410 22,553;2tZ
"
3. Central Banks 112 39,276,446
"
4. Provincial Bank 1 .17,190;645
"
Total 17,453 Rs. 121,139,432
The category "working capital" implies 1. paid-up
capital, 2. depvsits from members, 3. deposits from nonm~mbers,
4. loans from government, and 5. reserve
funds. The first and fifth items, namely, paid-up capital
16 Report 0/ the Benga/ Prooincia/ Banking Enquiry Committee
henceforth abbreviated as RBBC .• 1929-30. vol. I, pp. 132-134. 142. 146.
149. Statistical Tab/csre/ating to Banks jn India 1929 (Calcutta 19.31).
pp. 7. 20. 25-27.