GIPE-PUNE-OIIOI2 - DSpace@GIPE

:132 THE BANK CAPITALISM OF YOUNG BENGAL
against 42'1 million M in 1924. The income from permiment
shares in banks was 1·2 million M. From other.
sources the income amounted to 0·443 (0,539 million in
1924) million M. The total gross profits came down to
69·5 from 76·7 million M of 1924.
But on the other hand the expenses came down very
considerably. The management, pensions and compensations
account sank from 61·1 to 55 million M, the
taxes from 3·9 to 3·7 million M and the costs on furniture,
installations, building repair and construction from ~'2
to 2 million M.
Including the balance of 0,156,000 M carried f9rward
from 1924 the balance sheet for 1925 shows a net
profit of 8·67 million M. This is to be compared. to 8·349
million M of the previous year. In 1913 the figure was'
29'3 million M.
Retrenchment was brought about by the reduction
in the number of employees. In 1923 there were 24,853
persons employed by the Dresdner Bank. The number
was brought down to 11 ,567 in 1924. A further reduction
has placed the figure at 9,484 towards the beginning
of 1926. It may be observed that in 1913 the employees
were numbered at 4.700.
The retrenchment affected the higher officials also,
their number being reduced to 1065.' In 1924 the staff
consisted of about 2,000 superior officers.
Only one branch office was closed during .the year.
In 1925 there were 94 centres at which the Dresdner had
its own representative.
The I dividend was declared at 8 per cent. As .the
share capital was 78 million M. the amount on dividend
account for 1925 was 6'7 million M; The portions -avail-