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SVENSKA HANDELSBANKEN
IN ITS RELATIONS TO THE SWEDISH TIMBER AND COGNATE INDUSTRIES.
EVEN a casual glance at the financial development of Sweden during the last half
century will convince one of the striking parallel between the history of the
timber industry and that of certain banking enterprises, which, as we shall presently
see, have since become an integral part of a national banking organisation.
This parallel is anything but accidental. On the contrary; that the history of the
one is inter-related to, and mutually conditioned by, the other is obvious, but
nevertheless interesting.
The two great natural resources which, more than anything else, have made the
Sweden of to-day a possibility, are its iron and its timber, the latter of which is of
particular interest in this connection.
The advent of the modern economic era awoke the latent resources of the
forestland — “the slumbering millions”, as the Swedish saying goes — from their
agelong sleep. The woods in which our forefathers went hunting as far back as the
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