V. I.   Lenin

NOTEBOOK “β”

(“BETA”)


 

DIOURITCH, THE EXPANSION OF GERMAN BANKS ABROAD

Georges Diouritch, The Expansion of German Banks Abroad, Its Connections with Germany’s Economic Development, Paris (and Berlin), 1909 (798 pp.).

A gigantic volume with heaps of data; part is already in Riesser; I  select some additional data:

p. 37: According to figures of Der Deutsche Oekonomist (1906, p. 452), German banks have a capital of 11,394 million (their own and borrowed money).

Of which 3,335 controlled by Deutsche Bank group 17 banks
2,145 ” ” Dresdner Bank + Schaaffhausenscher Bankverein 13 ”
1,843 ” ” Discontogesellschaft 8 ”
908 ” ” Darmst\"adter Bank 6 ”
Σ 8,231 4 groups 44 ”
+4 less powerful groups

ΣΣ =9,566=in all about 80% {{ Commerz- und Disconto-Bank
Mitteldeutsche Kredit-Bank
National-Bank f\"ur Deutschland
Berliner Handelsgesellschaft


p. 84... French capital invested abroad:

{{ According to the
Journal officiel,
September 25, 1902 }}
Europe . . . . . 21,012 million marks
(sic! misprint?). It is
now said to be about
40,000 million
Asia . . . . . 1,121
Africa . . . . . . 3,693
America . . . . 3,972
Australia and Oceania . . . 57
29,855

pp. 126–27: “Big German bank connections with industrial companies through participation in their supervisory boards” (table compiled by Hans Arends and Kurt Wossner from data in the Directory of Company Directors and   Members of Supervisory Boards, Berlin, 1903): the author gives figures by industries; I  take only the totals:

Methods of participation Deutsche Bank Dis-
conto-
gesell-
schaft
Darm-
st\"adter Bank
Dresdner Bank Schaaff-
hausen-
scher Bank-
verein
Ber-
liner Hand-
els-
gesell-
schaft
Through administrators . . . 101 31 51 53 68 40
Through members of its own supervisory board . . . . . 120 61 50 80 62 34
By one or the other of above methods . . . . . . . . . . 221 92 101 133 130 74
Through chairmanship of the board, or through more than two members . . . . . . . . . . . 98 43 36 41 46 33

p. 213. Participation of the chief countries in maritime telegraph cables of the world:

1898 1903
Britain . . . . . . . . . . . . . 68.33% 60.2
U.S.A. . . . . . . . . . . . . . 11.10 18.2
France . . . . . . . . . . . . . 10.10 9.0
Germany . . . . . . . . . . . . . 1.88 4.5
Russia . . . . . . . . . . . . . 4.32 3.8
Japan . . . . . . . . . . . . . . 0.90 0.8

p. 239... Electrical firms abroad (from Fasolt, The Seven Big Electrical Companies, Their Development... Dresden, 1904); I  take only figures on Russia and totals (million marks):

Group
Siemens and Halske . . . . . . . . . 33.10 104.39
A.E.G. . . . . . . . . . . . . . . 2.88 52.04
Schuckert . . . . . . . . . . . . . . 1.60 25.66
Union Elektrizit\"atsgesellschaft . . . 2.88 17.53
Hellos . . . . . . . . . . . . . . . 21.60 27.70
Lohmeyer . . . . . . . . . . . . . . . 5.12
Kummer . . . . . . . . . . . . . . . . 0.69
Σ=62.06 233.13

pp. 245 and 246. Oil output in Rumania
in 1886 . . . . . . . . . . . 53,000 tons
” 1907 . . . . . . . . . . . 900,000 ”
Foreign capital in this industry[1] :

{ Not a bad example } {{ German . . . . . 74 million francs
French . . . . . 31
Dutch . . . . . 22
Rumanian . . . . 16
Italian . . . . 15
American . . . . 12.5 / \ / \ (54)
[Internet note: four lines point to 31, 16, 5 and 3 = 55]
Belgian . . . . 5
British . . . . 3
Other countries 6.5
Σ=185

p. 283 et seq.

British colonial banks:
32 banks . . . 2,136 branches . . . £50,300,000 (share capital)
x25= 1,257,500,000 francs
French colonial banks:
20 banks 136 branches[2] . . . . . 326,800,000 francs
Netherlands colonial banks:
16 banks 67 branches . . . . . . 98 million florins
x2(??) = 196 million francs

((a mass of purely monographic data on each big bank and on some German overseas banks))

A few examples: || {{ p. 743: Deutsch-
Ostafrikanische
Bank, founded
January 5,1905
4,000 shares
(=2 million
marks)
(p. 631) Deutsch-Asiatische Bank (in
Shanghai) (founded February 12,
1889)
Distribution of 5,000 shares (of 1,000
thalers each)
 
1. Board of Discontogesellschaft . . . . . . 805 shares———250
” ” Seehandlung Bank . . . . . . 175
Deutsche Bank . . . . . . . . . . 555———250
Bleichr\"oder . . . . . . . . . . 555———100
5. Berliner Handelsgesellschaft . . . . . 470
Bank f\"ur Handel und Industrie . . . . . . . . . . 310
Robert Warschauer & Co . . . . . . . . . . 310———100
Mendelsohn & Co . . . . . . . . . . 310———100
10. Jacob Stern (Frankfurt-am-Main) . . . . . 470
M. A. v. Rothschild (” ” ”) . . . . . . 310
11. Norddeutsche Bank (Hamburg) . . . . . . 380
12. Sal. Oppenheim & Co. (Cologne) . . . . 175———100
13. Bayrische Hypotheken und Wechselbank (Munich) 175
5,000
Deutsch-Ostafrikanische Gesellschaft . . . . . . . . . . 2,800
Delbr\"uck Lev . . . . . . . . . . 100
Hansing & Co. . . . . . . . . . . 100
Van der Heydt . . . . . . . . . . 100
4,000

Discontogesellschaft . . 800 Bleichr\"oder . . . . . . . . . . 555
Deutsche Bank . . . . . 555 Mendelsohn . . . . . . . . . . 310
Berliner Handelsgesellschaft . . . . . . . . 470 J. Stern . . . . . . . . . . 470
Darmst\"adter Bank . . . . 310 Rothschild . . . . . . . . . . 310
2,135 1,645

Notes

[1] See present edition, Vol. 22, p. 249.—Ed.

[2] Ibid., p. 245.—Ed.

  DIOURITCH, THE EXPANSION OF GERMAN BANKS ABROAD | KAUFMANN, FRENCH BANKS  

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