12 



ITAI,Y - CO-OPERATION AND ASSOCIATION 



21,660 shares of 75 liras each distributed among 522 shareholders. On 

 the same date the reserve fund amounted to 449,125 liras. 



During 1916 this Institute effected 3,455 operations of credit with 

 293 co-operative societies for a sum of 24,265,927.28 liras, distributed as 

 follows : 



1 91 9 operations w 

 689 

 126 

 161 

 560 " 



itli 126 co-op. Sddetics of producUoii and labour 



78 " " of consumption 



10 " " for popular dwellings . . 



TO " "of agriculture 



6g " " of various kinds 



Uras 13,074,552.02 



3,173,406.73 



" 2,741,610.71) 



1,361,515.00 



1,314,842.74 



3455 operations with 293 co-op. societies liras 24,265,927. 



The operations were of the following kinds : 

 757 operations liras 1,307,143.02 discoiuit of commercial bills. 



669 



289 



1218 



6 



516 



6,812,922.25 direct loans guaranteed bj^ the cession of mandates of 



public administrations. 

 8,392,870.98 mortgage loans. 

 5,601,627.83 advances in the form of loans. 



99,900.00 cautionary deposits. 

 2,051,463.20 endorsements, gtiarantees. 



3455 operations liras 24,265,927.28 



These operations were geographically distributed as follows : 



I,ombardy 655 operations with 40 co-operative societies liras 7,680,505.85 



Piedmont 344 " " 57 " " " 2,954,921.27 



I^iguria 32 " ." 4 " " " 1,057,715.00 



Itmilia 2,230 " " 170 " " " 7,471,638.30 



Tuscany 130 ' " 11 " " " 4,151,460.99 



I,atium 24 " " 6 " " " 104,040.00 



Other districts . . 40 " " 5 " " *' 845,645.87 



3455 operations with 293 co operative so ietips liras 21,265,927.2'^ 



Further on 31 December igi6 the fiduciary deposits reached the sum 

 of 3,081,219.81 liras and the paper that of 1,491,714.61 liras. At the close 

 of the year there was a net profit of 28,507.08 liras. 



Between i July 1904 and 31 December 1916 this Institute, the most 

 ancient of the Italian institutions specially affording credit to co-operative 

 societies, effected 37,002 credit operations for a total sum of 202,273,070 

 liras. 



