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 + Schaaff- hausenscher Bankverein | 13 | ” |
| 1,843 | ”   ” | Discontogesellschaft | 8 | ” |
| 908 | ”   ” | Darmstädter 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 für 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 |
| --- |
| 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 Elektrizitätsgesellschaft . . . | 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] :

p. 283 et seq.

| British colonial banks: |
| --- |
| 32 banks . . . 2,136 branches . . . | £50,300,000 (share capital) ✕25= 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 ✕2(??) = 196 million francs | ((a mass of purely monographic data on each big bank and on some German overseas banks))

| A few examples: (p. 631 ) Deutsch-Asiatische Bank (in Shanghai) (founded February 12, 1889) Distribution of 5,000 shares (of 1,000 thalers each) | | | ⎧ ⎪ ⎨ ⎪ ⎪ ⎩ | p. 743: Deutsch- Ostafrikanische Bank, founded January 5,1905 4,000 shares (=2 million marks) |

| 1. | Board of Discontogesellschaft . . . . . . | 805 | shares | ——— | 250 |
| --- | --- | --- | --- | --- | --- |
| ”  ” Seehandlung Bank . . . . . . | 175 |
| Deutsche Bank . . . . . . . . . . | 555 | —————— | 250 |
| Bleichröder . . . . . . . . . . | 555 | —————— | 100 |
| 5. | Berliner Handelsgesellschaft . . . . . | 470 |
| Bank für 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 |
| --- | --- |
| Delbrück Lev . . . . . . . . . . | 100 |
| Hansing & Co. . . . . . . . . . . | 100 |
| Van der Heydt . . . . . . . . . . | 100 |
| | |
| | |
| | 4,000 |

| Discontogesellschaft . . | 800 | | Bleichröder . . . . . . . . . . | 555 |
| --- | --- | --- | --- | --- |
| Deutsche Bank . . . . . | 555 | Mendelsohn . . . . . . . . . . | 310 |
| Berliner Handelsgesell- schaft . . . . . . . . | 470 | J. Stern . . . . . . . . . . | 470 |
| Darmstädter Bank . . . . | 310 | Rothschild . . . . . . . . . . | 310 |
| | |
| | | | |
| | | | |
| | 2,135 | | 1,645 |

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

[2] Ibid., p. 245.—Ed.