64 ITALY - CREDIT 



Penally, they were divided as follows, according to the term for which 

 they were granted. 



IS umber frs. 



And since between 1891 and the end of 1912 the borrowers had repaid 

 79,391,247 frs., the balance of the loans remaining on December 31st... 

 1912 was 164,891,802 frs. 



2. lyAND CREDIT GRANTED BY THE SAVINGS BANK 

 OF THE LOMBARD PROVINCES. 



In 1912, the above Bank received 857 applications for loans for a 

 total of 73,999,000 frs. which, with the 1,039 ^or 81,644,500 still under 

 consideration at the beginning of the year, make a total of 1,896 for 

 155,643,000 frs. : 344 for an amount of 24,866,500 frs. were definitely 

 granted. 



There were 108 loans for 10,711,500 frs. granted on rural land, 230, 

 for 13,857,500 frs. on urban land and 6, for 297,500 frs. on both rural and 

 urban land. 



The provinces that received the largest credits on the security of rural 

 land were those of IMilan, 14 loans for 1,542,000 frs., Cremona, 8 loans 

 for 1,079,500 frs., Ferrara, 5 loans for 2,137.000 frs. and Ancona, 5 loans for 

 1.354,500 frs. 



More than half the loans were for amounts of between 10,000 and 50,000 

 frs. and for a term of between 30 and 40 years. 



The Milan Savings Bank in the same year also arranged loans on mort- 

 gage in money for more than 10,000,000 frs., so that, altogether, it granted 

 in the year 1912 alone about 35,000,000 frs. to landowners. 



