Manufacturers

There will probably be some manufacturing industries in the neighborhood which will require to borrow by way of direct loans when stocked up with raw material. The bank may also be required to discount customers' paper representing sales of finished products. The loans may be on the security of the raw material, on endorsed paper, or on other security. Advances of this kind, and all other important transactions, are made in accordance with the terms of credits granted by the head office.

There is other business of a regular and occasional character. In most country branches the above classes of loans and discounts will constitute an important part of the whole. The business of the lawyers and others of the professional classes consists more largely of deposits, remittances, etc.