40 RUSSIA - CREDIT 



Table XXII. — Mortgages on Lands Bought without the Bank's Help. 



Year 



T896-I90T 



1906 



1907 ....... 



1908 



1909 • • 



I9IO 



I9II 



I9I2 



I9I3 



I9I4 



I9I5 



Total . . . 14,787 695,190 50,085,775 



§ 8. INIORTGAGES ON NADIEL LANDS.' 



The activity of the bank in its third period is closely connected with 

 the law of 15 November 1906 which allowed loans to be granted secured by 

 mortgages on the nadiel lands which had previously been inalienable. 



Many hopes were founded on this law. It was thought that the power 

 to mortgage nadid lands would give a strong impulse to colonization in Si- 

 beria, in that it would furnish money to peasants wishing to move to other 

 districts, and that it would encourage the improvement of land, increase pur- 

 chases, and intensify the movement of propert^^ 



But this law did not in fact have a wide application. In 1915 there 

 had been 1108 applications for loans for a sum of 1,379,530 roubles secured 

 by 14,658 deciatines of land. The bank approved 930 of these loans for a 

 sumof 851,520 roubles, and 11,507 deciatines, worth 1,571,356 roubles, were 

 mortgaged. 



In the third period 9,720 loans were made of a sum of 10,948,770 rou- 

 bles, and 284,712 deciatines were m.ortgaged, as appears in the following 

 table : 



