GIPE-PUNE-OIIOI2 - DSpace@GIPE

THE BANK CAPITALISM OF YOUNG BENGAL 159'
tical hints except in solitary instances. It IS only In Italy
and Japan,' if at all, among' the great powers,
or. rather in Bulgaria and Poland that Bengalis
and other Indians' can find items of bank practice and
theory such as may be immediately adopted in their own
spheres, should it be necessary at times to learri something
of foreign experience. 40
It is not possible for want of adequate statistical information
to furnish such details as might satisfy the
'requirements of mathematically exact banking-equations
between India and the other countries. n But the followingidentities
~r parities are being established tentatively with
a view to 'introduce some amount of precision in regard
to the'capitalistic developments of nations:
1. India (1932) = Gerinany (1860-1870)
2. India (1932)=ltaly (1900-05)
= Japan (1900-05)
3. India (1932)=Balkan Complex (1925-32).
These three equations indicate three different groups,
of economic regions based on the grade of bank develop-
40 The latest figures r~lating to all American banks may be seen in
liederal Re ..... .,e Balletin for May 1932. p. 297; and to the joint-stock banks
of England IIndWabs. Scotland and -Ireland in the Economist (London) for
May 14. 1932. Banking Supplement. pp. 18-19,
41 These equations between India on the one side and Germany. France
and England on the- other have been dealt with at some length on the
basis of eeonomi~ development along diverse fronts in Sarkar: •• Die Entwicldung
und weltwirtllChaftliche Bedeutung des modernen Indien" in
Indie'n in der modemen WeltwirfscUjt and Weltpolitilt (Stuttgart. 1931):
For the railway.equations see the n~xt chapter. where. from the Dature of
the case. the statistics will be found to be precijle. exhaustive and com-,
parable. -I