Page image — the source of record
Machine transcription
282
branches or agencies in London, New York, Munich, Bombay, Karachi, Peshawar and Chaman. Next comes the Afghan Commercial Bank (Pashtany Tejaraty Bank), established in 1955 on the basis of a Joint Stock Company for the purpose of developing the commerce of the country. It has at present a branch at Amritsar (India). The initial capital of the Bank is 1,20,000,000 Afghanis divided into 120,000 shares of 1,000 Afghanis each.
The purpose of the new bank is to provide short and long term credits to businessmen and merchants ; to issue bonds and securities, and to open'saving and demand deposits.
The Bank of Construction and Mortgages was established in 1948. Among the designated purposes of the bank on the promotion of house-building and of building materials, the financing of hotels and the financing of low-cost Community housing projects. This bank specially serves government employees in need of long-term credits for house building.
Roughly two thirds of characters agree with a modern printed edition of the same text. Much of the disagreement is editorial, not misreading. Treat the transcription as a finding aid and read the page image before quoting. How this was measured.