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million marks and a reserve of about 1½ million marks.
Its expenses have been 39 per cent. of the gross profit.
It has 27 branch offices, and holds more ordinary
deposits than any other bank. During the last few
years it has paid a dividend of 9 per cent. The
Joint-Stock Bank of Åbo with Herr E. Dahlström
as chairman of the board of directors and Herr J.
O. Wasastjerna as manager, and the Joint-Stock Bank
of Tammerfors with Herr E. Borenius as manager, each
with 3 million marks’ capital, are new institutions.
The Maanviljelys-jateollisuus pankki (Bank of
Agriculture and Manufactures), established in 1898 with
a capital of 3 million marks, and a reserve of 300,000,
is the only bank which has not been successful, and
it has therefore, according to the banking law, been
obliged to close its doors. Connected with it was
the small bank of Nykarleby.
In order to give a more complete idea of the
business done we will give in round figures, representing
millions of marks, the most important items from the
statement of the banks.
The Bank of Finland had at the end of the following
three years:—
| Credit. | 1879. | 1889. | 1899. |
| Gold reserve | 17 | 22 | 21 |
| Silver | 9 | 3 | 2 |
| Current accounts with foreign correspondents | 11 | 16 | 22 |
| Balance of first-class bonds saleable in foreign countries | 5 | 13 | 22 |
| Foreign bills | 1 | 2 | 7 |
| Bills on Finland | 10 | 19 | 33 |
| Loans | 11 | 8 | 13 |
| Cash credit | 3 | 4 | 4 |
| Bank buildings | ... | 1 | 1 |
| Sundries | 4 | 2 | 1 |
| ___ | ___ | ___ | |
| Total | 71 | 90 | 126 |
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