Show THE SAVINGS BANK SYSTEM IN FRANCE Tint Furl urther 1 her ber information on the savings minks hank of France being desir desired d b by a bankin banking p house Consul General Genera 1 Frank II H. Mason of P Pans laris ris has prepared I t the tho bl following report Savings HajnAs banks in France Franco are of tw two general designations One postal oi or government go banks which are established throughout the country and an are i under direct control of the natio national al gov gos' government t and two municipal and jin private vate savings I banks which are owned i and managed by municipal governments government i and by private firms under charters t which hold hold bold such institutions to strict I account not only for all nfl deposits m made madi dl S with them but for the manner in in lD which bICh such funds are invested and accounts kept with depositors rim The fhe latest available statistics give gi the thi thiV S number of postal post savin savings s banks in operation oper V at with total deposits during S the tho vear year 1906 1900 of and withdrawals withdrawals with drawas amounting to leaving leav ing lag a balance of 1 as art excess oi of deposits over withdrawals during th the year The total sum of deposits in in- eluding interest hue due depositors pa De Dc embr 31 31 1906 was The Tin total number of depositors was 71 and the tho avera average e amount of their r deposits a fraction over 64 93 i Th The postal savings banks pay interest I on deposits posits of from 1 J franc fran to 1500 50 II I francs franes cents to at the rate of 2 21 per cent ent compound an and I Ithe the total amount of interest credited i ito to depositors depositor in 1906 1006 was When a depositors depositor's account exceeds exceed I 1500 francs 50 the bank will invest invest in the in rentes mates vest CRt surplus or national nations I 3 per cent bonds keep kep the mon moo deposit if desired collect the coupons when whet they fall due tine and credit t the Ie interest so 80 received ed to the account of the tor The bank buys these bonds at the tim 1 current market price on the burst Bourse which on March 8 8 1900 1009 wa way 07 25 francs francs franc 1877 but credits tho depositor tor tot with ith 3 S 1 per cent interest at nt par The total revenues nuts of the Ost I postal l eav a EI I lags ings banks of France during the year veal Y ar 1906 1901 wa was from which was WitS credited interest to depositors u amounting io to I 1 leaving mg ng a lIr pins itu of applicable ahle to the ex ex- I of f |