INFORMATION RELATING TO CREDIT 57 



The special committee of the Central Association of German Banks and 

 Bankers presented to the sub-secretary of the Ministry of Interior Affairs 

 a report on the results of those prorogations of the terms of mortgage loans 

 which were made in accordance with the terms of the aforesaid agreement. 

 We borrow from this report (i) its most important data. 



These data are supplied by twenty-nine mortgage banks and show 

 what prorogations were granted by them from the beginning of the war 

 until 31 December 1916. 



Altogether 22,196 prorogations were granted but the report is con- 

 cerned with only 22,072, so that the conditions of 124 are not indicated. 

 Out of these 22,072 prorogations. 



12,385 were for a period of 10 years ; ■ 

 6,255 ' " " " " 1^'ss than 10 years ; and 

 • 3,432 " " an indeterminate period. 



The rate of interest stipulated was : 



4 14 P^^ cent, in the case of 12,866 prorogations 



from 4 1/2 to 4 3/4 " " " " " " 7>654 



" 4 V4 to 5 " " " " " " 1.477 



more than 5 " " " " " " 75 



11,319 prorogations were granted without any obligation on the 

 debtors to pay any due to the creditors ; and for the remaining 10,753 

 prorogations the debtors paid a due varying from ^ to 3 per cent. 



The following table gives the details of the operations : 



(i) Bank Archiv, i6th year, No. 15. 



