JAPANESE INDUSTRIAL BANK, THE. This bank, the Nippon Kogyo Ginko, was established by the se Gov ernment in 19o2 as a joint stock company with an authorized capi tal of 5o,00o,00o yen fully paid up.
The business of the Industrial Bank is (I) to make loans on pledges of national and local bonds and Companies' debentures and shares ; (2) to subscribe for or take up national and local bonds and companies' debentures; (3) to receive deposits of money and accept articles of value for custody; (4) to engage in trust business for mortgage debentures; (5) to discount bills; (6) to promote bills of exchange; (7) to make loans on security of foundations created as prescribed by law; (8) to make loans on mortgage of ships or ships under construction, such loans to be redeemable by annual instalments within a period not exceeding 15 years (or less as fixed) ; (9) to make loans on security of ship building materials or equipments ; ( o) to subscribe for or take up shares which have been approved by the competent Minister of State; (I I) to subscribe for national or local bonds and com panies' debentures, or to act as agent for receiving these instal ments payable by general subscribers; (12) to make call-loans or loans for a fixed term on security of sites and buildings belong ing to factories or of residential land buildings lying in localities where the City Organization Law is in force, and (is) to purchase national or local bonds or companies' debentures and shares or gold and silver bullion with available money which the bank may employ for the purpose. (S. YA.)