THE " LANDSCHAFT " OF POSEN FROM I JANUARY I914 TO I JANUARY I916 5 



The corresponding position in 1915 was as follows : 



bills of annual associations 4 % 



» » » (without letter) . 3 ^ % 



» » » (letter C) ... 31/9 % 



» )) (letter A) 3 % 



» » (letter B) 3 % 



» ). (letter D) 4 % 



). » (letter E) 4 % 



New bills 3 1/2 % 



» » 4% 



giving a total of . . . 



whence must be deducted the total amount of amortizations 

 including extjnctions on 2 January igi6 



which gives a net amount of . . 



to reach the amount of titles in circulation at the end of 

 1915 the value of those paid into reserve and guaran- 

 tee funds must be taken into account 



7,811,000 



192,014,400 



35,421,000 



4,053,400 



734,200 



103,092,600 



37,267,100 



13570^ 

 43,291,500 



423,820,900 



28,533.400 

 395,287,500 



22,297,700 



thus the bills in circulation at this date represent 



372,989,800 



* 

 * * 



The account of the funds belonging to the I^andschaft 

 in its own right shows at the end of 1914 for 3 14 % 

 bills (without letter) 1,280,000 



in corn 399,805.69 



at the end of 1915 the fund of 3 ^/2 % titles was un- 

 changed 1,280,000 



we must add- in coin 49,134.98 



and a nominal amount of 800,000 



subscription to war loan 1915 



and a nominal amount of 400,000 



subscription to war loan 1916 



funds supplied by profits of years 1913-1914 and 1915 . . 



In 1914 and 1915 no property securing a loan was sequestered. In 

 1914, on the other hand, proceedings for sales by auction were entered into 

 in connection with 46 properties: 



a) at the request of the I^andschaft in the case of the following 

 properties : 



