Page:Japan by the Japanese (1904).djvu/412
- To subscribe or take up public loan bonds, local loan bonds, and companies’ debentures.
- To accept deposit of money and custody of valuable objects.
- To transact various kinds of trust business with local loan bonds, companies’ debentures and shares.
Thus, loans without security, or on the security of other than negotiable papers and discounts of bills, are not within the scope of the bank’s business. In order to enable it to obtain the necessary amount of capital for carrying out its object, the bank is also endowed with the privilege of issuing debentures to an amount of five times its paid-up capital, which, however, may not exceed the total amount of advances made by the bank, the local loan bonds and companies’ debentures appropriated by it. Besides, for the first five years dividend of 5 per cent. of its paid-up capital is guaranteed by the Government.
| Years | Capital paid up. |
Reserves. | Net Profits. |
Dividends. | Rates of Net Profits on Capital and Reserves. |
Rates of Dividends. | |
| To make Loss Good. |
For Equaliza- tion of Dividend. | ||||||
| Yen. | Yen. | Yen. | Yen. | Yen. | Yen. | Yen. | |
| 1899, 1st half |
2,500,000 | 8,700 | 2,175 | 115,654 | 82,500 | 4.606 | 3.300 |
| 1899, 2nd half |
2,500,000 | 27,202 | 6,801 | 126,718 | 87,500 | 5.001 | 3.500 |
| 1900, 1st half |
2,500,000 | 46,801 | 11,701 | 132,811 | 95,000 | 5.260 | 3.800 |
| 1900, 2nd half |
2,500,000 | 56,739 | 14,186 | 179,587 | 112,500 | 6.985 | 4.500 |
The Agricultural and Industrial Banks were established in accordance with the Law for the Agricultural and Industrial Banks (Law No. 84, 1886), as local organs of credit for the same object as that of the Hypothec Bank, each with a capital of 20,000 yen or upwards. Each bank has, as a general rule, for its business district the whole part of the prefecture where it is established, each prefecture having one bank; but it is provided that, if the circumstances require, a prefecture may be divided into two or more districts in respect of agricultural and industrial banks by special Imperial ordinances, which provision, however, has not yet been made use of.