As its name indicates, the Bank Commercial Shipping will carry fon general banking transactions and assist in all ways possible to develop native shipping. The total feapital will be $2,000,000, divided tinto 20,000 shares of $100. each.
According to the regulations governing the new institution, native shipping firms which find themselves in financial difficulties may obtain loans from the bank by mortgaging their vessels, provided the amount of these loans dogs not exceed four times the capital they invest. One half of the posed $10,000,000 loan will be used finance shipping interests and the remainder for general banking transactions.
Text read from the printed page and cleaned; old type leaves the occasional error.