1911 Encyclopædia Britannica, Volume 27… (1911)
“ Closer to what we know as chambers of commerce are the institutions called “exchange committees.” They are voluntary associations, chosen by a council elected for the purpose by the commercial community; they generally consist of twelve members elected for five years, and the president is appointed by the minister of finance. Two important commercial societies, although unofficial, are recognized and frequently consulted by the government, viz. the Society for the Encouragement of Russian Trade and Industry, of St Petersburg, and the Society for the Encouragement of Navigation, of Moscow. ”
