INFORMATION RELATING TO CREDIT 



53 



LlABIIJTIES : 



31 October 



1913 1916 



francs francs 



Capital in shares 200,000,000 



Bonds in circulation 635,323,366 



Repayable bonds, interest and dividends 



payable 18,851,918 



Provision for amortizing bonds 18,370,669 



Reserves : 



Reserve as by by-laws 7.735. 804 



Extraordinary reserve 25,165,860 



Provision for eventual reduction of pre- 

 mium on bonds 14,890,903 



Thrift account 6,250,014 



Provision for amortization of domain . . 10,697,895 

 Pro\asion for loss on annual payments in 



arrears 7,628,829 



72.369.305 



Deferred payments on mortgage loans . . 581,373 



Anticipated annual payments 447,090 



Interest owed but not due 9,114,352 



Various 4,694,953 



Profits and losses 9,678,481 



200,000,000 

 631,473.073 



16,847,761 

 19.506,835 



7,679,109 

 25,165,860 



14,890,903 



6,472,176 



15,490,176 



8.354.365 



78,052,589 

 492,989 



1,058,776 

 10,067,327 



5.886,456 

 11,231,038 



Total 



Francs 969,431,507 974,598,844 



Mortgage loans have diminished by forty millions. During 1915-1916 

 the Credit Fonder Egyptien made 150 loans amounting to 12,581,414 

 francs, bringing the total amount of loans made since the society was formed 

 to 1,803,690,428 francs. Amortization of loans and anticipated and regular 

 repayments reached the sum of 52,689,775 francs, which explains the dif- 

 ference we have noted. The other items in the balance-sheet call for no 

 remark in addition to what has already been said. 



GERMANY. 



THi; " I,ANT)WrRTSCHAFTI,ICHER KREDITVEREIN " OF THE KINGDOM OF 

 SAXONY IN 1916. — Der deutsche Oekotwmist, 35th year, No. 1808, Berlin, ir Au- 

 gust 1917. 



If, in the report of this " Agricultural Credit Union ", the placing of 

 its paper in 1916 be compared with the placing thereof in the pre\dous year 



