32 INFORMATION REI,AT1NG TO CO-OPKRATION AND ASSOCIATION 



Since the financial resoiirces placed at the outset at the bank's disposal 

 were sjradualh^ exhausted, application was made to the Treasury of the Union 

 for a sum of £775,000, in order to allow the ends for which the bank was consti- 

 tuted to be further pursued. It became clear, especially after the European 

 war had broken oiit, that agriculture would be the Union's chief source of 

 wealth ; and that if farmers were able to produce live stock and grain in 

 large quantities the profit to the whole country would be immense. The 

 increase of production is conditioned almost exclusively by the amoiant of 

 capital available for agriculture, and such capital is furnished on good terms 

 by the Land Bank, which is thus the principal agent of agricultural develop- 

 ment in the Union of South Africa. 



