ITALY. 



THE ACTIVITY OF INSTITUTIONS OF IvAND CREDIT IN 1916. 



SOURCES : 



ISTITUTO ITAX-IANO Di Credito Fondiajrio [Ilaliar. Institute of Land Credit). Ordinary general 

 meeting of shareholders on 28 Febniary 191 7. Rejwrt of administrative council and 

 directors for 1916. 26th 3'ear. Rome, 1917. 



Credito Fondiario della Cassa di Risparmio delle Provincie I<ombarde in Milaxo 

 {Land Credit of the Savings- Bank of the Lombard Provinces at Milan). Complete Balance- 

 Sheet for 1916. 49th year of business. Milan, 1917. 



Credito Fondiario della Cassa di Risparmio in Bologna (Land Credit of the Savings- 

 Bank at Bologna). Minutes of the general meeting of shareholders held on i April 191 7 

 and report for 191b. 80th year of business. Bologna 191 7. 



ISTITUTO DELLE Opere Pie di San Paolo IN TORINO {Institution of the Works of Charity of 

 St. Paul in Turin) Complete account of the year 191 6. Credito Fondiario, Turin, 191 7. 



MoxTE DEI Paschi DI SiENA. Complete accoimt of the year 1916. Sienna, 1917. 



Reports for 191 6 of the other institutions of I^and Credit active in the kingdom. 



§ I. The organization of land credit. 



Ivand credit is afforded in Italy by the following State-regulated in- 

 stitutions — the Istituto Italiano di Credito Fondiario at Rome, the Istituto 

 delle Opere Pie di San Paolo at Turin, the Monte dei Paschi at Siena, the 

 Credito Fondiario Sardo at Cagliari, and the savings-banks of Milan, Bolo- 

 gna and Verona. 



A T03''al decree can authorize other bodies to practise this form of 

 credit, in particular mutual associations of landowners possessing real estate 

 of a value not less than 5,000,000 liras (i), societies and institutions having 

 a paid-up capital of 10,000,000 liras, and those having a capital between 

 this sum and 2,000,000 liras, in districts in which there is no local body 

 affording land credit. 



The land credit business of the savings-banks of Milan and Bologna, of 

 the Istituto delle Opere pie di San Paolo, of the Monte dei Paschi and of the 

 Istituto di Credito Fondiario may be undertaken in all the provinces of the 

 kingdom. The savings-bank < f Verona is authorized to afford credit in 

 the Venetian provinces and the province of Mantua, the Credito Fondiario 

 Sardo in the island of Sardinia. 



The business which these institution may undertake is regulated by 

 minute legal provisions and is various. It consists principally in granting 



(i) I lira = 93/j d at i)ar. 



