SWEDEN. 



THE ORGANISATION OF SAVINGS BANKS IN SWEDEN 

 AND THE INVESTMENT OF THEIR CAPITAI.. 



oFFiciAi, sources: 



Flodstrom (i. Registrar at the Office of Commerce): Savings-Banks in Sweden, published 



by direction of the Government of Sweden, Stockholm, 1904. 

 SvERiGES OFFiciELLA Statistik Sammantdrag, 1913 [Official Statistics of Sweden in 1913). 



Stockholm, 191 3. 

 SvERiGES OFFICIELLA Statistik Spareanker. Postsparbanken ar 1911 [Official Statistics of 



Swedish Savings Banks. Post-Office Savings Banks in 1911). Stockholm, 1912. 



OTHER SOURCES: 



I^AMM (A): Das Sparwesen in Schweden [Savings in Sweden) in "Untersuchimgen iiberdas Volks- 

 sparwesen ", published by the " Verein fiirSozialpolitik." Munich, Dunckeru. Humblot> 



1913- 

 Seidel (Dr.jur.)andPFiTZNER (Dr.jur.): Die Sparkassengetzgebung in den wichtigsten Staaten 



[Legislation on the subject of Savings Banks in the Principal States) in: "Untersuchungen '' 



already mentioned. 

 WiNSLOW (E. W., Consul General of the United States in Stockholm^: Report on the Nature and 



Operation of Postal Savings Banks in Sweden, published in the following Work : 

 Notes on the Postal Savings Bank Systems of theI^eading Countries. Publication No. 



658 of the Senate of the United States of America. Washington, 1910. 

 Recueil de Renseignements sur l'org.anisation des administrations de l'union et sur 



LEURS services INTERNES [Collected Notes on the Organisation of the Administrations 0/ the 



Postal Union and of their Internal Workinz), published by the Office of the Universal Postal 



Union. I<ausanne. Imprimeries Reunies, September, 1911. 



§ I. Swedish institutions for the coi<i.ection of popular savings. 



Not later than the end of the eighteenth century did savings banks make 

 their appearance in many countries. Their object was the safe keeping and 

 profitable investment of money which its possessors could not and dared not 

 invest directly in productive business. Up to that period, the employment of 

 capital in industry, commerce and agriculture was relatively rare and uncert- 

 ain. In modern times the necessity for capital has increased, and at the 



