Q. Who is responsible for the conduct of the business?
A. The president.
Q. Has he associated with him directors?
A. No; he is personally responsible.
Q. By whom is the president appointed?
A. By the King of Prussia for life.
Q. What are the particular functions of the bank?
A. In the first place, it is an organisation to help the State of Prussia. The principal part of the business is to finance the loans of the State. It may undertake the loans alone, but as a rule it heads a syndicate of the large banks.
Q. Do you compete for deposits from merchants, manufacturing concerns, banks, etc., with the Deutsche Bank or the Dresdner Bank?
A. Yes, to some extent. It is not our intention to do so, but of course we practically compete in some ways. Our rates on deposits are less favorable than those of these banks.