A. We are under the general law, a general companies law.
Q. What is the minimum amount of capital required?
A. There is no minimum, but at least one-fourth of the capital is required by law to be actually paid in.
Q. How many shareholders have you?
A. Our capital is divided into 500,000 shares, but as many of these shares are issued to "bearer" we do not know how many shareholders we have.
Q. The cash in hand is merely carried for the necessities of business?
A. Yes. Any bank, if it has need for additional cash, may present for rediscount at the Bank of France the bills and other commercial paper which it has in its vaults.
Q. What per cent. of your deposits do you intend to carry in cash either in your own vaults or in other banks?
A. Eight to 10 per cent. on the average.
Q. Does the Bank of France ever loan below its published rate?