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JOINT-STOCK BANKS.
1031
Office-room of the •Nordiska Kreditbanken> in Stockholm.
These banks are, in conformity with Private Banks, liable to a strict
public inspection. This is carried out by a Banking bureau belonging to
the Finance Department, the chief of the banking bureau being called »Bank
Inspector». At the end of each month every bank has to make out statements
on its condition and send them in to the Financial Department. Such a
statement, which shall be written in accordance with the very detailed formula issued
by the Department, shall be made up in the presence of the Governor of the
Län or his deputy. The statements of all the banks are placed together by the
Bank Inspector into one common statement, which is afterwards published. These
banks are besides liable at any time to have their accounts and business papers
accessible for the Governor or his deputy, for the Bank Inspector, and at any
time when the Government or the chief of the Finance Department wishes to
have a special examination made into the condition of the bank. They are,
moreover, liable in all other respects to be called upon to give to the Chief of
the Finance Department and the »Bank Inspector» all the information required
by these. The audited accounts must be sent in to the Finance Department and
appear in the newspapers. In the auditing of such a bank one person assigned by
the Governor shall take part. If the reserve fund and 10 % of the capital stock
have been lost, the bank must go into liquidation, if the shareholders do not
decide upon replacing what the capital stock has lost.
The laws of 1886 and 1903 touch only upon such limited liability
companies as carry on actual banking business (what is understood
by this is not expressly mentioned), but those who only carry on a
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