28 AUSTRIA - CO-OPEKATION ■:'aND ASSOCIATION 



The profits of the Bank, represented by the net yield, after deduction of 

 expenditure and losses are, partly assigned to the reserve fund (5 % in the 

 case of the People's Bank and the Industrial Bank and y2% in that of 

 the Commercial Bank) ; an amount, corresponding with 5 % (People's 

 Bank), 4 ^ % (Industrial Bank) and 4 % (Commercial Bank) of the share 

 capital, represents the dividend to be assigned to the share holders, while a 

 certain percentage is deducted for payment of the Board of Management ; 

 the ultimate balance is divided among the shareholders as an extra 

 dividend. 



The vState controls the work of the Bank by means of a Government 

 Commissioner. 



At the end of 1912, the share capital of the People's Bank was repre- 

 sented by 1,000 shares of 200 crowns each, altogether 200,000 crowns, liable 

 to be increased to 500,000 crs. The share capital of the Commercial Bank 

 in 1912 amotmted to 8,000,000 crowns, hable to be increased to 20,000,000 

 crs. That of the Industrial Bank, at the same date, amoimted to 1,000,000 

 crowns in 5,000 shares of 200 crowns each. 



With regard to the balance sheets of these institutes it is to be observed 

 that the Banca Commerciale Triestina does not prepare special balance sheets 

 for its branches in the Trent district ; the results of the work of these are 

 embodied in the balance sheet of the Trieste Bank, in which, however, they 

 are not shown separately. The balance sheet of the Banca Commerciale 

 Triestina, therefore, shows the work of the head bank of Trieste, including 

 the branches in the Trent district, in Friuli, Istria and Dalmatia. 



The Trent People's Bank closed its account on December 31st., 1912 

 with a credit of 1,403,737.38 crowns and a debit of 1,392,843.45 crs. 

 and thus with a net profit of 10.892.93 crs. The funds of the Bank con- 

 sisted in : _ 



crowns 



Capital in 1,000 shares of 200 crs. each . . . 200,000.00 



General Reserve Fund 24,908.45 



Special Reserve Fund 55,239.49 



Total . . . 280,147*94 



The Balance Sheet of the Industrial Bank in its second working year 

 (1909) showed credits of 9,381,474 crs. and debits of 9,307,550 crs. and there- 

 fore a total net profit of 73,924 crs. Three years later, at the end of 1912, it 

 showed 19,304,336.95 crowns as credits and 19,237,596.24 crs. as debits. 

 The funds of the Bank on December 31st., 1912 were made up as follows. 



crowns 



Share Capital (5,000 shares of 200 crs. each) 1,000,000 



I Ordinary 14,392 



Reserve Fund j Against Depreciation of Securities . ^7,507 



{ for Bonds 110,623 



Total . . . 1,142,522 



