German imperial banking laws Author:Richard Koch Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: vate capitalists are by no means inconsiderable. The latter alone are estimated at 20 to 25 billion marks. The amounts in question are mostly entered as seco... more »nd liens after the mortgages in favor of land-mortgage associations, mortgage banks, savings banks, and insurance companies, since almost all of the institutions named make it a condition to have a prior lien and do not, as a rule, grant loans in excess of 60 per cent of the property value. Among the assets of the insurance companies mortgages represent by far the larger share. About 80 per cent of the premium reserves of these companies are invested in mortgages. (2) STATISTICAL SECTION. (a) GENERAL REMARKS REGARDING THE BASIS AND THE SCOPE OF THE STATISTICAL DATA. The statistical tables illustrating the development of the German banks during the last twenty years are based on the annual reports, as well as on the balance sheets and the profit-and-loss accounts of the institutions in question. With the exception of the land-mortgage associations, whose legal constitution has been explained above, the banks considered are with a few exceptions stock corporations. According to the provision of the Commercial Code the board of directors of a stock company must, within three months, submit to the supervisory council a balance The detailed tables referred to in the text are included in the volume of "Statistics for Great Britain, Germany, and France" published by the Commission. See especially "Statistics for Germany," Part II, Tables 13-22. sheet for the year past, also a statement of profits and losses, and a report showing the conditions of the funds and the general state of affairs of the institution. These documents accompanied by the written remarks of the council are then submitted at the stockholders'...« less