INFORMATION RELATING TO CREDIT 55 



liras, of which 773,360.50 liras represented renewals and 627,699.89 liras fresh 

 operations. Deposits on current account amounted on 31 December 1916 

 to 93,725.92 liras, as against 49,481.95 liras on 31 December 1915. In order 

 more and more to encourage small savings, special savings-bankbooks were 

 made, giving interest at the rate of 4 per cent, for deposits withdrawable 

 at sight and 4 ^ per cent, for those for fixed terms. Net profits amounted 

 to 2,096.50 liras, distributed as follows : 20 per cent, to the ordinary reserve 

 fund — 419.20 liias ; 10 per cent, to the employees —209.65 liras ; 10 per 

 cent, to agricultural propaganda — 209.65 liras ; 30 per cent, to the extraor- 

 dinary reserve fund — 628.96 liras ; 30 per cent, carried over — 628.96 liras. 

 Thus the reserves amounted on i January i9i7to 4,121.19 liras or 4.80 per 

 cent, of the subscribed capital in shares. 



