Q. You have a considerable foreign business?

A. We have connections all over the world, and very often we take an interest in business abroad.

Q. Do you operate more particularly in one part of the world than in another?

A. No; although we have only three branches—one in Brussels, one in Amsterdam, and one in Geneva.

Q. Do you endeavor to carry any special amount of cash at the Bank of France? Or are you indifferent as to the amount of balance you have there?

A. We always calculate what sum each day will be likely to be withdrawn; besides which we always have a large amount of commercial paper which we could rediscount at the Bank of France at once. Therefore we keep just enough cash in vault to meet any cheques which may be presented.

Q. Do you carry an account in New York?

A. We lend money to bankers there. Different kinds of loans, some are at sixty days or ninety days.

Q. You are not restricted in any way as to the character of the undertakings you may make?

A. No; we can do as we like.