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Tc ttoman 8anks branch occ in Scutari was closcd in ++, cl. Tc ttoman
8ank Archivcs and Rcscarch Ccntrc at: www.obarsiv.com/cnglish/history.html.
ravni arhiv Crnc Gorc, Fond Srpskoalbanska banka |Statc Archivc ol Montcnc
gro, Fund ol thc ScrboAlbanian 8ank, hcrcaltcr: ACG, SA8|. Tc rccords ol this
lund arc unlcd. F. 6, copy ol thc 8anks lcttcr to thc National 8ank ol thc Kingdom ol
SCS, +6 Scptcmbcr +:.
8
Ibid. F. +o, copy ol thc 8anks lcttcr to thc Adriaticanubc 8ank |Jadransko-po-
duna.ska banka| in ubrovnik, July +:.
Ibid.
8alcanica XXX\!! :6
thc ccntral managcmcnt bc composcd ol two rcprcscntativcs ol !taly and
Albania, and that thc prcsidcncy and dccisivc votc bclong to thc rcprcscnta
tivc ol !taly.
Howcvcr,
Romc was prcparcd lor such a situation. Mussolini scnt clcar instructions
rcgarding this mattcr to thc !talian diplomatic rcprcscntativc. l thc
ol sharcs originally intcndcd lor thc Albanians, thc ucc rcqucstcd that
o bc ocrcd to thc Albanians rcsiding in !taly, which mcant thcy would
lall undcr thc sway ol !talian capital. Morcovcr, thc rcmaining + was
purchascd by an !talian nancial group.
6
Tus, having purchascd all sharcs
owncd by Albanian citizcns, thc !talian party outwittcd thc Yugoslavs and
took ovcr control ol thc 8ank.
Tcsc dcvclopmcnts, as it sccms, mcant that thc raison dctrc lor thc
branch occ ol thc Serbo-lbanian Bank, as statcd in thc abovcmcntioncd
Fcbruary Mcmorandum, ccascd to cxist. Although it lost thc battlc lor thc
ccntral bank, thcrc wcrc still hopcs that it might maintain its rolc in Albania
by cnsuring that thc quota Yugoslavia should havc participatcd with in thc
capital ol thc lbanian National Bank includcd thc 8ank with all its currcnt
asscts and invcstcd capital.
Ibid.
ASCG, +o, F.+, Pov. no. 86, rcport ol Tanasijc ini, military rcprcscntativc, Tirana,
+ March +:6.
6
Rosclli, Italy and lbania, .
8csidcs \ukoti, othcr occrs ol thc Consulatc also had thcir accounts in thc 8ank.
o
ACG, SA8 (rccords unlcd), F. +8, balancc shccts lor +:. Tcrc is an intcrcsting
lcttcr (ibid. F. :+) ol parish pricst Laza in which hc complains that hc was unablc to
takc his advancc salary duc to thc lack ol moncy. Tc lcttcr is datcd +: Junc +:.
+
\isarion had a currcnt account in napoleondors (Napolcon dr) lor which thc branch
occ rcccivcd ncccssary writtcn guarantccs lrom thc Consulatc ol thc Kingdom ol
SCS in Scutari (ibid. F. +8, balancc shccts lor +:).
:
Tc third mcmbcr ol thc Managing 8oard was dircctor ol thc branch occ. !nitially,
that lunction was pcrlormcd by a ccrtain Galliani, but about thc middlc ol +: hc was
rcplaccd by Julijc Antcri.
ACG, SA8, F. :o, circular lcttcr to Chambcrs ol Cralts and Commcrcc in thc King
dom ol SCS, ++ August +:.
Ibid.
8alcanica XXX\!! :8
manulacturc and cxport ol ccrtain products. !t was intcrcstcd in timbcr, cc
mcnt and loods such as sugar, our, bccr and corn. Firms that had alrcady
dcvclopcd busincss rclations with Albania wcrc rcqucstcd to cntrust thcir
agcncy opcrations to thc 8ank.
!n rcply to this rcqucst, somc rms askcd lor morc dctailcd inlormation, but thcrc
wcrc also thosc which rcplicd that thcy had alrcady had thcir agcnts, i.c. that thcy did
not intcnd to sharc warchouscs with thc 8ank and put thcir sta undcr its control (lct
tcr ol thc ccmcnt lactory Lavocat & Cia lrom Split ol Scptcmbcr +: can scrvc as
an cxamplc, ibid.).
6
Tc rcply ol 8rana imitrijcvi, hcad ol thc Yugoslav Mission in \alona, was ncgativc
as that kind ol data was noncxistcnt in Albania in +: (ibid. + ctobcr +:).
Ccmcnt was among Yugoslav major cxports to Albania. !n ++ thc Chambcr ol Split
cxportcd ccmcnt worth onc million dinars to Albania, but it was notcd that this only
accountcd lor about o. ol thc total cxport to Albania, which amountcd to + million
dinars (Split Chambcr to thc 8ank, ibid.).
8
!ntcrcsting in this contcxt is an obscrvation ol thc journalist Milosav Jcli who vis
itcd Scutari in August +:. Spcaking about thc look ol thc city, hc obscrvcd: Tcrc
dominatcs a ncw rm ol thc ScrboAlbanian 8ank. !t looks good, but ! would say that
thc busincss is not divcrsicd cnough. Anyway, it all dcpcnds on thc sizc ol capital.
M. Jcli, lbanija, .apisi o ljudima i dogaajima (8clgradc, +), ++6. As an illustrativc
cxamplc ol thc wcak position causcd by lack ol moncy, thc branch occ statcd thc lact
that cvcn thc Yugoslav Consulatc in Scutari was lorccd to ncgotiatc chcqucs in lrancs
S. Mii, ScrboAlbanian 8ank in Albania +:+: :
in compctition with thc lbanian National Bank, was lclt without a clcar
stratcgy. As thc original idca ol bccoming thc ccntral and only bank cndcd
in lailurc, and thc availablc amount ol moncy could not satisly thc nccds
ol busincss, thc hcadquartcrs was cxpcctcd to draw up guidclincs on thc
branch occs lurthcr opcrations.
Ibid.
o
According to Rosclli (Italy and lbania, ), thc Yugoslav partys sharc was 8..
8csidcs Beogradska .adruga, thc consortium ol Yugoslav banks includcd Zagrcbbascd
Srpska banka (Scrbian 8ank), 8clgradcbascd Jadransko-poduna.ska banka (Adriatic
anubc 8ank) and thc Cctinjcbascd Serbo-lbanian Bank. l thc total numbcr ol
,ooo sharcholdcrs votcs, thc Kingdom ol SCS had o,ooo. 8lagojcvi, Albanska
narodna banka, 8+8:.
+
ACG, SA8 (rccords unlcd), F. o, rcport ol thc Scutari branch occ to thc Hcad
quartcrs at Cctinjc about thc busincss rcsults lor thc rst scmcstcr ol +:6, undatcd. Tc
branch occ madc a prot ol only ,+8+ dinars.
:
Ibid.
8alcanica XXX\!! :6o
concludcd with thc Navy ol thc Kingdom ol thc SCS at thc cnd ol Janu
ary, thc Serbo-lbanian Bank was grantcd to cxploit a ccrtain numbcr ol
military ships, whilc bcing obligcd to transport troops and military sup
plics at rcduccd larcs.
Ibid., F. 6, copy ol thc contract bctwccn thc commandcr ol thc Zcta ivision Zonc
and thc managcmcnt ol thc ScrboAlbanian 8ank lor thc transport ol troops and mili
tary matcrial on Lakc Scutari. !n carly +:6 thc AdriaticScutari Shipping startcd thc
stcamship linc ScutaribotiUlcinj8ar.
Coppcr cxploration in thc arca ol Puka had bccn startcd during thc First Vorld Var,
in ++6, by an Albanian, Lcc 8orici. ASCG, Ministarstvo inostranih poslova Kraljcvinc
Jugoslavijc, Konzularnoprivrcdno odcljcnjc |Ministry ol Forcign Aairs ol thc King
dom ol Yugoslavia, ConsularCommcrcial cpartmcnt, hcrcinaltcr: ASCG, M!P KJ,
KP|, rccords undcr ling, F. !! 6, !! 8, Pov. no ++, rcport ol thc diplomatic rcprc
scntativc j. Nastasijcvi, Tirana, +o Junc +o.
6
Avramovski, !talijanska ckonomska pcnctracija, +68.
ACG, SA8 (rccords unlcd), F. :, copy ol cablc ol thc Serbo-lbanian Bank to Lalc
Zubcr in 8clgradc, May +:.
S. Mii, ScrboAlbanian 8ank in Albania +:+: :6+
grantcd to thc Kingdom ol SCS, but months passcd and thc mattcr rc
maincd at a standstill.
8
A part in thc aair was playcd by thc 8ritish, who
actcd in accordancc with thcir intcrcsts, but also by thc !talians, guidcd by
thc samc aspccts ol thc mattcr as 8clgradc, its stratcgic and commcrcial
importancc. !t was only altcr thc Yugoslav party promiscd Ahmcd Zogu
: ol thc valuc ol thc conccssion, that thc proccdurc was continucd, and in
spring +:6 thc contract was raticd,