'^'2. 



INFORMATION RELATING TO CREDIT 



ing forced sales, by the Fonder Egyptien or other creditors, of real estate 

 mortgaged to the society was 778,228 Egyptian poimds, or more by 21 per 

 cent, than the average for the last five years. The percentage of real estate 

 awarded to the society was however 50 as against 81 in the previous year, 

 and this indicates a certain recovery in the business in real estate. 



The council intimates that from the beginning of the year the situa- 

 tion again became sufficiently normal to allow the society to resume mak- 

 ing loans, but that the business in real estate has been pretty well limited 

 to sales under legal necessity. The few voluntary sales have rarely ne- 

 cessitated an intervention in the form of new loans. The balance-sheet 

 dated 31 October 1916 therefore shows total mortgage loans to be less by 

 1,543,322 Egyptian pounds than in the preceding year. 



The following is a comparison of the two balance-sheets : 



31 October 



1915 



Assets : francs 



Shareholders 100,000,000 



Mortgage Loans : 



Ivong term 653,428,074 



Short term . 6,591,791 



By sale of real estate 4,712,807 



By opening credit 7,572,886 



672,305.558 



lyOans in realization 483,507 



Contingent sale of real estate 11,537,482 



Real estate acquired by expropriation . . 27,555^062 

 Agricultrual stock and implements . . . 



I/Oans secured by pledges 2,567,352 



Interest acquired but not due 40,964,510 



Annual payments due : 



Previously to this year 26,451,275 



During this year 47,312,212 



Society's real estate 1,279,336 



Bills and various securities 15,524,274 



Accoimts of banks and correspondents . 20,660,783 



Cash in hand ' . . 68,147 



Various 2,722,009 



1916 



fiancs 

 100,000,000 



615,547,415 



4.4^0.547 

 5,096,497 

 7,232,738 



632,297,197 



853,669 



15,242,331 



34,744,041 



120,656 



2051.352 



40,495,606 



33,677,818 



43,233,202 



1.279.336 



47,471,181 



20,128,584 



39.193 



2,464,678 



Total 



Francs 969,431,507 974,598,844 



