Arhivski vjesnik, Vol. 57 No. 1, 2014.
Review article
The Structure and Activity of the Privately Owned Monetary Institutes in Jastrebarsko until their Liquidation in the Socialist Yugoslavia (1898-1948)
Siniša Lajnert
; Hrvatski državni arhiv
Abstract
This paper about privately owned monetary institutes in Jastrabarsko until their liquidation in socialist Yugoslavia deals with the structure and activity of two of these institutes, namely, Jastrebarsko Peoples’ Savings Bank Ltd. (1848-1948) and Pollak Ladislav Jastrebarsko Banking Firm (1904-1941). Besides these two monetary institutes, there was a third one in Jastrebarsko, called Jastrebarsko Savings Bank Ltd. (1894-1948), but it was not part of the research for this article, due to insufficient information. The structure of the monetary system (banks, savings banks, building societies and insurance companies) in Croatia and Slavonia was based on the Trade Law passed on May 16, 1875 and Crafts Law from May 18, 1884. On July 15, 1898 Royal Judicial Bench in its capacity as the commercial court sentenced that “Peoples’ Savings Bank Ltd. in Jastrebarsko” entered the commercial register. Because of the Regulation on protecting the farmers (dated November 22, 1933) that suspended i.e. postponed payments to November 15, 1934, the Peoples’ Savings Bank was unable to meet its obligations to depositors. On May 16, 1935, Ministry for Trade and Industry of the Kingdom of Yugoslavia granted to the Peoples Savings Bank Ltd. In Jastrebarsko the postponement of payments for 6 years, the interest rate on old savings deposits and current accounts of 2 % per year starting February 24, 1934, as well as financial relaxations. During the regular shareholders meeting for the business year of 1941 held on July 20, 1942, a unanimous decision was made to liquidate the Institute. This decision was reached due to the fact the Institute had not done business in years and by all accounts it was not probable that it will ever do so. Since there was a plan to abolish all privately owned monetary institutes in the socialist Yugoslavia, the District Court for the city of Zagreb sentenced on June 18, 1947 that the Jastrebarsko Peoples’ Savings Bank Ltd. In liquidation was liquidated in the commercial register for social companies. The same court sentenced on July 14, 1948 that the Bank was deleted from the register after the successful liquidation. On August 3, 1904 the Royal district in its crafts capacity of the first level gave Ladislav Pollak from Jastrebarsko a crafts identity card to perform banking craft and on August 12 the Royal Judicial Bench in Zagreb registered the company as Ladislav Pollak Banking Firm in Jaska. In accordance with the Crafts Law in 1942 the causes existed for the Firm’s extinction, because a year passed without it being able to operate, due to the fact an Ustaše camp moved into its rooms. The documents also mention the fact the Firm did not operate since the beginning of the war given that its owner was Jewish.
Keywords
Peoples’ Savings Bank Ltd. in Jastrebarsko; Pollak Ladislav Jastrebarsko Banking Firm; Jastrebarsko; structure; meeting; directorate; supervisory committee; balance of accounts; farmers’ debts; Privileged Agrarian Bank; liquidation
Hrčak ID:
139178
URI
Publication date:
18.12.2014.
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