Some reflections on commercial banking with special reference to the balance sheets of banks operating in An Saorstat
Item Type:Journal article
Citation:Smiddy, T.A. 'Some reflections on commercial banking with special reference to the balance sheets of banks operating in An Saorstat'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XV No. 6, 1935/1936, pp53-68
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An examination into the figures of the combined balance sheets furnished quarterly by the Currency Commission discloses the financial strength of the banks operating in An Saorstat, and the liquidity of their assets Such an examination conveys the assurance of security for the deposits of their customers. The efficiency with which this duty has been carried out is displayed by the fact that for nearly a century no Irish bank has failed to repay its deposits. Ireland has been spared the disasters that befell from time to time the banks of many countries, begotten by adventurous banking or by deviation from the course upon which commercial banking can be safely conducted, and which alone will insure the prompt payment to their deposit-holders for whom they act in the nature of trustees. As we are not conscious of good health while we possess it, and do not appreciate its value until it becomes impaired, so likewise, we are apt not to appreciate the value of good banking while it is functioning in health.
Description:Read before the Society on Thursday, 23rd January, 1936
Author: Smiddy, T.A.
Publisher:Statistical and Social Inquiry Society of Ireland
Type of material:Journal article
Series/Report no:Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XV No. 6 1935/1936
Availability:Full text available