GIPE-PUNE-OIIOI2 - DSpace@GIPE

THE BANK CAPITALISM OF YOUNG BENGAL 155
We have taken some of the more important banking
instit~tions of several countries in Europe and Japan.
Four of these countries are •• great" powers in politics,
nam~ly, England, France, Germany and Italy, of whom
two (namely England and Germany) are undoubtedly
industrially great powers, and the others including Pola~d
may be said -to belong to, the .. Balkan complex."
Besides, there are three big banks of Japan. How does
the administration of the Bengali cottage-banks fare in
comparison with that of the banks in these countries from
Japan to Great Britain ~
We notice that the first group contains banks such as
belong to two powers which are •• great" both politically
and industrially as well as to Bengal. Nay, the Bengali
loan offices top the list so far as the co-efficient of. deposits
in relation to capital-cum-reserve is concerned.
Extremes have met,-Bengal rubbing shoulders with
Britain and Germany in banking practice. The
differences in the values at stake are immense. While
the Bengali banks deal in barely a million or two Rupees,
the Dresdner deals in two milliard Reichsmarks and the
two London banks in nearly three hundred million
pounds sterling. And yet in regard to the co-efficient
in question they have obsen"ed the same principle.
Should the high co-efficient (15 to 23 times) indicate,
!irst, the presence of a high confidence of the people a~ depositors
in the credit institutions of their neighbourhood,
o~ secondly, ~he existence of a sound tact and experience
of .. the bank managers • and directors in· regard t~,
~heinvestment of .their Junds, the men of ,North)3e~al
,and Khulna will have to be treated as moving ab~ea~t,.pf
their colleagues "on the moon," the gentle-