Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

INVESTMENT OF FUNDS 107 trustees for investment in bonds or other securi ties of the United States”; (3) a sum, which normally should not be less than 65 per cent of the total postal savings deposits, to be kept on deposit “in solvent banks, whether organized un der national or State laws, being subject to national or State supervision and examina tion. . . .” 8 Postal savings funds deposited in banks were to bear interest at a rate of not less than 2j per cent, and the Board of Trustees was to require depository banks to give adequate security for such deposits, in the form of “public bonds or other securities, supported by the taxing power.” Investment in Bonds Aside from the purchase of a few postal sav ings 2J per cent bonds ($1,558,500 in all down to June 30, 1916) from their holders in order to maintain their parity, 4 the trustees of the postal savings system have made no purchases of bonds whatever. The banks, despite their early opposi tion to the system, showed great eagerness in most localities to secure postal savings deposits, 8 The word “bank” was declared by the law (sec. 9) to “include savings banks and trust companies doing a banking business.” 4 Infra, p. 127.

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