COMPETITIVE CONDITIONS IN INTERNATIONAL TRADE. 51

in Australia, besides numerous agencies in French territory in Madagascar
 and northern Africa.
Of French banks the Crédit Lyonnais has the greatest number ot
foreign connections under its own control. It has branches at Brussels
in Belgium and at Geneva in Switzerland; at Madrid, Barcelona,
Seville, San Sebastian, and Valencia, in Spain; at Petrograd, Moscow,
 and Odessa, in Russia; at Constantinople, Alexandria, Cairo,
Port Said, Jerusalem, Jaffa, and Smyrna, in the Levant.
The Société Générale pour Favoriser le Développement du Commerce
 et de I’Industrie en France (Société anonyme), commonly called
simply the Société Générale, has two offices in London and an agency
at San Sebastian, Spain. Most of its direct foreign connections, however,
 are with “affiliated banks,” which it enumerates as follows:
Société Francaise de Banque et de Dépbts, Ostend (in summer only),
Brussels, and Antwerp; Société Générale Alsacienne de Banque,
Strasbourg, Mayence, Metz, Mulhouse, etec.; Société Suisse de Banque
et de Depots, Lausanne, Fribourg, Geneva, and Brussels; Banque
Russo-Asiatique, Petrograd, etc.; Banque Hongroise d’Escompte et
de Change, Budapest; Banque de Salonique, Constantinople, Salonique,
 etc. ; Banque Francaise et Italienne pour I’Amerique du Sud,
Paris, Santos, Sio Paulo; Banque Balkanique, Sofia.
Various other French banks, with headquarters usually at Paris,
have branches abroad. Such are the following, head office at Paris
unless otherwise stated :
Banque de Paris et des Pays-Bas. with branches at Amsterdam.
Brussels, and Geneva.
Crédit Franco-Portugais, with branches at Lisbon and Ovorto:
founded by the Crédit Lyonnais.
Caisse de Crédit de Nice, head office at Nice, branch at Grasse et
Port-Maurice, Italy, and an agency at (Genoa.
Banque Francaise d’Egypte, with a branch at Cairo:
Banque de 'Indo-Chine, with branches at Singapore and Bangkok
and six branches in China, not to speak of about 10 branches in French
Indo-China and other far eastern possessions of France.
Banque Franco-Japonaise, with a branch at Tokio.
Banque Francaise pour le Bresil. with a branch at So Paulo and
an agency at Santos.
Banque Francaise et Italienne pour I’Amerique du Sud, with 12
branches in Brazil and one in Argentina. This bank began business
in 1910, with the declared purpose of developing the trade of South
America with France and Italy. * Its success seems to have been at-1

 Carl Hegemann, op. cit., p. 72.