The book The Swedish Banking System was written by author Flux, Alfred William, 1867-1942 Here you can read free online of The Swedish Banking System book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Swedish Banking System a good or bad book?
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The period for the completion of the payment of the subscribed capital was shortened from a year to eight months after the commencement of business. The provision against the acquisition by a bank of its own shares is omitted, though that against their accept- ance as security for a loan is retained. It is provided that in case a deposit receipt be trans- ferred from one owner to another the transfer should be notified at the bank, as a security for the new owner, a notice to this effect replac...ing that required by the earlier law to be printed on the receipts. Interest on savings-bank deposits may not be paid on more than 3, 000 kronor ($804) on any one account. The bank may not bind itself to repay savings deposits without at least a week's notice, though the notice need not be exacted in actual practice, should special circum-/ stances render that course advisable. The details of the legislation, as to the process of forma- tion of banking companies, their inspection, etc. , need not be entered upon here.
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