New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-31
ReAexes Of War

There ia now q general movement
emong British marine insurance COM
NAMES to economic in the paper used
for slips Of insurance and policies. Elk
periments have already shown that the
Sins could be reduced in size by quite
a third and be equally useful. AS the
number Of clips used by the ofices
amounts to several thousands day,
the daily total saving of paper by sucn
q reduction would be very substantial
Incidentally, the adoption OF stand
ard form Of slip by all the offices would
facilitate work. Similarly, it is thought
that Offices when ordering new sup
niles of policy forms should avoid
rcpetition of the present expansive and
imposing documents, IN which large
blank spaces are quite feature. Inc
fact is that both slips and policies were
designed without any thought Of the
naper required, but now that, in conse-
ouence of the war, the numbers OF in
surance documents issued have enor-
mously increased and the supplies OF
naper have very seriously decreased
the opportunity Of saving on each doou-
ment has become very obvious.
According to ale Messenger de Paris"
a syndicate has been formed with
guaranteed capital of million francs
for the purpose Of establishing new
Swiss bank. This bank will be known
as the Banque Suisse d'E1portation,
and It's object will be TO stimulate
Swiss exports after the war. Another
war development is seen in the an
rouncement that the Swiss South
American Bank, which was organized to
promote the export trade with South
America and which has hitherto worked
in close relations with German in
stitution. has, at the instigation OF
Swiss exporters, opened negotiations
for a connection with the Societe
Franco Italienne pour PAmerique du
Sud.
Advices from Constantinople via AM
sterdam state that in opening the gen
eral debate on the budget for the new
year the Turkish Minister of Finance
said that the advances which Germany
had made, together with those which
she would make up TO next August,
would amount to 142,000,000 Turkish
pounds. At the normal value of the
Turkish pound sterling this would be
the equivalent of approximately $780,
600 900 The Turkish government by a
convention concluded with Germany has
assured the maintenance OF the price
of Turkish paper money after the war
10 the same extent as German paper
money. II was stated also that Ger
many had undertaken to send SIS, 000,-
600 in gold every year to Turkey in or
der that her ally might withdraw paper
money from circulation. The Turkish
Minister emphasized the financial as
sistance which Germany was giving in
not requiring the payment Of interest
on her advances until Turkeys paper
currency had been entirely withdrawn
from circulation-that is to say, for
eleven years.
The Skandinaviska Kreditaktiebela-
get, one of the largest banks in Sweden,
after providing for excess profits tax,
reports net earnings for 1916 Of ap.
proximately s2,75o,OoO, compared with
100000 in the previous year. The
directors recommended dividends on
the bank shares at the rate of 1920 per
cent, compared with 1880 per cent in
1915. Since 1905 the capital Of the
bank has been increased from $4,000
900 TO Sl2,000000, largely as the result
Of absorptious.