GIPE-PUNE-OIIOI2 - DSpace@GIPE

THE BANK CAPITALISM OF YOUNG BENGAL
i149
Bank, the Sumitomo Ban.k and the Mitsubishi Bank are
indicated below (for the year 1929) :
Bank· Capital Reserve
1. Mitsui Yens 60,000,000 Yells 67,653,00~
2. Sumitomo
50,OCO,OOO 27,040,000
"
"
3. Mitsubishi 62,500,000 41,363,000
"
"
About this time the yen was equivalen.t to nearly
Re. 1 -4-0. One understands that in capital and reserve,-.
during the year 1929,-
Mitsui=6.1 C.B.I.
One of the biggest in Japan is thus more than 6 times
as strong in capital as the biggest .. Indian." And in
deposits.
Mitsui=6.5 c.B.1.
Let us take one of the biggest Italian institutions.
We find that in capital-cum-reserve
Banca Commerciale Italiana=6.9C.B.1. And in
deposits B.C.I. =8.6 C.B.1.
We understand. therefore, that although the Mitsui
is almost equal to the Banca Commerciale Italiana in capital
and reserve the latter commands more deposits than
the former. Let us take now another big from Japan, the
Mitsubishi, and compare it with the seco'nd bigge$t of
Italy, the Credito Italiano. 37 For 1929 w~ bave the
following figures in Rupees (@ Yen = Re. 1 -4-0 and
Re 1 = 7 lires, approximately.in both cases):
Capital-cum-reserve
Mitsubishi: Rs. 130;000,000
Credito Italiano Rs. 87,COO,CCO
Deposits
Rs. 750,000,000
753,000,000
37·· The figures are to be found in the tables in the ·succeedi;'g sections.