Peoples Banks for Northern India a Handbook to the Organisation of Credit On a
Peoples Banks for Northern India a Handbook to the Organisation of Credit On a
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To quickly assess the difficulty of the text, read a short excerpt:
At the close of the year there were in course of pay- ment 133 loans for a total of 15, 420 lire originally, but this sum the payments on account had reduced to 8, 386i lire.
During the year 470 lire 10 cent, were written off as irrecoverable, but against this must be set off 52 lire recovered from loans written off in past years. The loss was inconsiderable, and in the words of the bank's report in its working contained in a memoir submitted at the Exhibition of Turin in 1898, the bank gladly ...sustain- ed the trifling loss. From 1876 to 1897, it had made 1, 533 loans on honour for a total sum of 149, 545 lire to persons who, under no possible circumstances, could otherwise have had a chance of obtaining credit. On these advances it had sustained a total loss of 4, 207-40 lire equivalent to 2 li re odd for every 100 lire advanced. Probably no amount of good was ever effected at such a trifling expense.
In India the loan on honour should play an important part in the bank's operations. Its first great use will be to continually remind the members of the duty they owe to their less fortunate brethren, and the obligation that devolves on them of giving some little part of their surplus profits in good works.
What to read after Peoples Banks for Northern India a Handbook to the Organisation of Credit On a?
You can find similar books in the "Read Also" column, or choose other free books by H Dupernex to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
At the close of the year there were in course of pay- ment 133 loans for a total of 15, 420 lire originally, but this sum the payments on account had reduced to 8, 386i lire.
During the year 470 lire 10 cent, were written off as irrecoverable, but against this must be set off 52 lire recovered from loans written off in past years. The loss was inconsiderable, and in the words of the bank's report in its working contained in a memoir submitted at the Exhibition of Turin in 1898, the bank gladly ...sustain- ed the trifling loss. From 1876 to 1897, it had made 1, 533 loans on honour for a total sum of 149, 545 lire to persons who, under no possible circumstances, could otherwise have had a chance of obtaining credit. On these advances it had sustained a total loss of 4, 207-40 lire equivalent to 2 li re odd for every 100 lire advanced. Probably no amount of good was ever effected at such a trifling expense.
In India the loan on honour should play an important part in the bank's operations. Its first great use will be to continually remind the members of the duty they owe to their less fortunate brethren, and the obligation that devolves on them of giving some little part of their surplus profits in good works.
What to read after Peoples Banks for Northern India a Handbook to the Organisation of Credit On a?
You can find similar books in the "Read Also" column, or choose other free books by H Dupernex to read onlineMoreLess
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