INFORMATION RELATING TO CREDIT 5 1 



The amount of operations secured by pledged agricultural products is 

 fixed on the following scale : on cereals and wools 75 per cent, of the value 

 of the pledge ; on oil 60 per cent. ; on straw, hay, wine, vinegar, spirits, etc. 

 40 per cent. 



The term of operations is limited to a year, but loans to enable the pur- 

 chase of live stock and machinery may be for three years. 



When the chief results of the institute's activity in 1916 are shown it 

 appears that its operations in that year aggregated 8,614,570.25 liras. Most 

 of them, amounting to 7,660,134.75 liras, were with intermediary insti- 

 tutions. These were distributed as follows : 



Agricultural consortia and comitiae , 3,583,817.84 liras 



Various societies affording agricultural credit . . . 1,900,396.90 " 



Popular co-operative banks 671,037.30 " 



Societies for distilleries and cellars 334,500,00 " 



Savings banks 311,520.75 



Rural funds 300,748.40 



Societies for trading in, selling 'and exporting agri- 

 cultural products 107,000.00 



Agricultural loan funds 51,113.56 " 



Total . . . 7,660,134.75 liras 



The destination of these loans was as follows : 



Cereal crops 2,397,139.40 liras 



Vine growing 1,621,666.02 



Sulphate of copper, sulphur, various fertilizers. . . 1,234,809.73 



Various crops 1,185,841.38 



Stock farming 538,112.95 



Olive growing 395,374.20 



Agricultural machinery and implements 287,191.07 



Total . . . 7,660,134.75 liras 



The detailed description of these loans was as follows : 



530,125.48 . liras 



517,227.32 

 1,228,663.00 

 1,367,468.99 

 2,009,709.27 

 2,006.940.69 



15,459 bills for . . . 7,660,134.75 liras 



