. The Cuba review. THE CUBA REVIEW STUDYING BANKING AND FINANCE A CHAPTER OF THE AMERICAN INSTITUTE OF BANKING FORMED IN HANANA — SEVEN NATIONALITIES IN THE CLASS The Chapter was organized in Deccni- her, I'.iog, by 7J members of the National Hank of Cuba. Its object was to promote the systematic study in this country of "Banking and Fi- nance" and "Commercial and Banking Law," inspired by personal association, ac- cording to the standard prescribed by the American Institute of Banking. The course of study covers the theory and practice of banking, and such princi- ples of
. The Cuba review. THE CUBA REVIEW STUDYING BANKING AND FINANCE A CHAPTER OF THE AMERICAN INSTITUTE OF BANKING FORMED IN HANANA — SEVEN NATIONALITIES IN THE CLASS The Chapter was organized in Deccni- her, I'.iog, by 7J members of the National Hank of Cuba. Its object was to promote the systematic study in this country of "Banking and Fi- nance" and "Commercial and Banking Law," inspired by personal association, ac- cording to the standard prescribed by the American Institute of Banking. The course of study covers the theory and practice of banking, and such princi- ples of economics and law as apply to the banking business. The headquarters of the Chapter are in the National Bank of Cuba Building, Ha- vana. The class instruction is given by c.\pe- ricnced professional men, in the English and Spanish languages. As the members are composed of seven nationalities, the work is carried on by in- ter])reters to some extent. Banking on a large scale in Cuba re- quires the adaptation of the American, European and Cuban methods. For exam- ple, the Xational P>ank of Cuba with its tweiUy branches is a departure from the .American system of an independent bank for each locality, and its operations, in order to be uniform throughout the island, involve a complex mechanism operated to meet the daily practical needs of the public in its domestic and foreign relations. Obviously a large force of experts is necessary to do the work. The discount and deposit features of the bank are similar to those in vogue in the United States. A savings department is an important adjunct. United States cur- rency is in common use, by reason of its being the official money in Cuba, and de- posit accounts are conducted on virtually the same plan as in tlic United States, in the several currencies of the country. The complexity of the business arises mainly from a variety of moneys handled in a variety of languages, which is en- countered in practically all transactions. l'&q
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