THK ACTIVITY OF THK I'KASANTS LAND IJAXK 47 



The sum of the amortization quotas to be received in 1915 was 

 67,934.219 roubles. To this 33,685,005 roubles for oveidue quotas had 

 to be added, and thus a total of 101,619,224 roubles was reached. However 

 only 54,439,005 roubles were actuall}' received, and on i January 1916 ar- 

 rears reached the total of 46,525.365 rouVjles or 68.5 per cent, of the quotas 

 falling due in the year. 



During the year a moratorium was grauted for the payment of the amor- 

 tization quotas in the invaded provinces or the territories in which payment 

 was considered impossible, namely in the provinces of Vilna, Kovno, Grodno. 

 Lublin, Keltze, Petrokov, Suvalki, Cholm, Kalish, Plv:)tsk, Varsovia, Lomja 

 Rafom. Minsk, Kurland, Livonia, and parts of the provinces of Podolsk 

 and Volhynia. 



As necessity has arisen the bank has also granted facilities to its deb- 

 tors in the rest of Russia, namely in 3,475 cases and for a siim of 590,035 

 roubles. 



From 1910 to 1915 delays were granted as follows : 



Table XXXII. — Facilities granted for the Payment of Amortization Quotas 

 foiling due from iqio to 1915. 



Sum for the payment of which 

 Year Number a delay was granted 



— — roubles 



I9IO 190 25,883 



I9II * 201 44.672 



I912 571 94.168 



I913 847 II9.S34 



I9I4 2,875 471^.172 



1915 3,475 .590,035 



It follows from this table that in 191 5 the number of cases in which 

 facilities were granted surpassed by 20 per cent, the corresponding number 

 in 1914 and was four times as great as the corresponding number in 1913. 

 The consequences of the war brought about a sudden increase in the pay- 

 ments not made. Already before the war they were increasing but only 

 very slowly. 



We should note that the sum of 590,035 roubles does not represent the 

 total overdue payments of amortization quotas. We should add to it six 

 million roubles, due as arrears, but suffered by the bank to lapse to its 

 debtors. 



The complete extinction of mortgage loans which reached their term 

 of repayment was very little accomplished in 1915. Hardly 69 loans, se- 

 cured by mortgages on 2,396 deciatines and amounting to 86,216 roubles, 

 were extinguished. From 1907, the first year in which mortgage loans be- 

 came repayable, onwards, the movement toward'^ the extinction and 

 redemption of mortgages was as follows : 



