INFORMATION RELATING TO CREDIT 55 



0.28 per cent, were in arrears at the end of January 1916, and this sum was 

 reduced in the following year to 33,591 marks or 0.17 per cent. It may there- 

 fore be said that recoveries are made in good conditions. In 1916 net pro- 

 fits were represented by 505,793 marks as against 430,887 marks in the pre- 

 ceding year. Of this sum 30,000 marks were paid as in the previous year 

 into the general reserve and 80,000 marks into other reserve funds, whereas 

 in 1915 nothing was paid into reserves. As in 1915 there was in 1916 a pay 

 ment of 50,000 marks to the fund for amortizing the properties and of a 

 dividend of 4 per cent, on their capital shares to members. The remainder 

 of the balance was carried over into the next year. 



