42 ITALY - CREDIT 



to leaseholders, recognized agricultural co-operative societies, landowners 

 and farmers. 



Moreover these advances may be not only for the objects stated but 

 also, to individuals and societies, for the protection of water-supplies and 

 for the draining and irrigation of farms, the construction of wells and drink- 

 ing-places and the systematization and breaking up of lands and for making 

 enclosing walls and hedges and otherwise enclosing farms. 



Before granting such advances the mortgage securing them will be 

 sufficiently guaranteed if the applicant shows that he is the lawful owner 

 of the land which is to be improved. 



Farmers who are not owners, whether individuals or societies, may ob- 

 tain the advances on a simple personal security to be fixed by the adminis- 

 trative council of the Cassa Ademprivile. 



The decree we have cited fiirther provides for the new regulation 

 of the Monti Frmnentari in the island. It aims at providing that such of 

 them as possess a capital of less than 2,000 liras, or in any way cannot ful- 

 fil their functions to advantage, shall be obliged by a decree of the Minister 

 of Agriculture, who shall hear on the subject the provincial Cassa Adem- 

 privile, to unite with Monti Frmnentari in conterminous communes or 

 to be concentrated in the Cassa Ademprivile. The latter ^all, if such a con- 

 centration take place, invest the capital of the concentrated Monti by pre- 

 ference in loans to the inhabitants of the communes in which they are si- 

 tuated. It may, with the authorization of the Minister of Agriculture, in- 

 stitute branches and appoint representatives where there appears to be 

 need for them. 



The advances of the Casse Ademprivili to a Monte Frumentario maj' 

 amount to 20,000 liras. The maximum limit of the loans which the Monti 

 Frumentari may grant is 1000 liras, whether the loans be in kind or in 

 cash. On their loans, whether in kind or in cash, they may receive inte- 

 rest up to the rate of 2 I/2 P^r cent, in addition to the rate they pay to the 

 Cassa Ademprivile. They are administered by commissions composed of 

 five members of whom one is nominated by the prefect of the council, two 

 by the communal council, and by forty or twenty larger contributors to 

 the land tax according to whether or not the commune in question have a 

 population of more than 3,000. Finally the supervision of the Monti Fru- 

 mentari, and also of the agricultural funds and the agricultural consortia 

 which are not co-operative in form, is entrusted to the Cassa Ademprivile 

 of each province, which is granted the staff and funds it consequently needs. 



§ 4. Provisions for affording credit to the agricultural bodies 



in t.atium. * -•■ 



By a decree of 4 October iqiy, No. 1604, the Istituto Nazionale delle 

 Assicurazioni (National Institute of Insurance), the Cassa Nazionale di 

 Previdenza per I'lnvaliditd e la Vecchiaia degli Operai (National Fund of 

 Thrift for the Invalidity and Old Age of \Vorkpeople) , the Istituto Na- 



