The Iceland year-book - 01.01.1927, Page 79

5, 10, and 25 aurar; 1 krona and 2 kronur. At par
the equivalent of a pound sterling is 18 kronur.
Banking. There are two banks in the country, the
Landsbanki (National Bank) and the Is-
landsbanki (Bankof Iceland),each with four branch
offices in the provinces. The former is entirely a
state institution, and the latter, though owned by a
joint-stock company, is under a strict Government
supervision. Both issue notes for 5, 10, 50, and 100
kronur. Two special departments for loans on mort-
gage are connected with the Landsbanki, one of
them exclusively for the support of agriculture.
Savings banks are numerous throughout the country.
In 1925 the turn-over of the Landsbanki was
681.234.000 kr., and that of the Islandsbanki
479.000.000 kr.
Customs Practically all imports, with the ex-
Regulations. ception of cereals, are subject to
customs duties in some form, but
the rules for levying these are rather intricate.
Among the more important specific duties are:—
Potatoes, cement, lime, chalk, tiles, slate, tar 30
aurar per 50 kilos. Iron and steel, agricultural
machinery and implements, fishing gear, canvas,
cordage, wall-papers, oils, cork 1 kr. per 50 kilos.
Textiles, ready-made clothes, footwear and head-
wear kr. 1.80 per 10 kilos. Salt and coal 1 kr. per
ton. Timber, doors and window-frames .9 aur. per
cubic ft. Articles of ornament and toys 1 kr. per
kilo. Various unspecified articless 60 aur. per kilo.
Duty per kilo: Coffee and chicory 0.75, roasted
coffee beans 1.00, sugar 0.19, tea 1.88, chocolate 0.94,
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