74 DENMARK - MISCEUvANEOUS 



may not exceed 6,500 crowns (i) in value and, in exceptional cases, 8,000 

 crowns, including the cost of the buildings, livestock and furniture. Finally, 

 each individual can only obtain a loan for a singl*^ holding. 



Repayment of the loan is secured on mortgage of the real estate and 

 a preference mortgage on the personal estate of which only the land tax 

 shall have precedence. The interest is 3 % per ann ; repayment of the 

 principal only begins in the sixth year. 



Repayment of the loan cannot be demanded as long as the payments 

 due on it are regularly made, the holding cultivated according to the system 

 in general use, and provided with the Hvestock and plant necessary for 

 farming. The buildings, Uvestock and plant must be insured against fire 

 in a company recognised by the State. The Colonisation Commission shall 

 assure itself, once every three years, that these regulations are conformed to. 



The holding must not be subdivided nor united with another, nor ex- 

 changed for another, without special permission from the Minister of Agric- 

 ulture, granted after consultation with the municipaUty. It can only be 

 transferred to a son or son-in-law of the grantee or another person ful- 

 filling the general conditions of the law. On the death of the owner, 

 his widow may continue in the relation of the defunct to the Treas- 

 ury, provided she remains in possession of the holding; if she remarries, 

 the relations with the Treasury shall only continue if the second husband 

 fulfils all the conditions imposed on colonists. The same rule holds, mutatis 

 mutandis, in the case of the simple marriege of an heiress. 



The 1909 law also authorizes a landowner to bequeath his farm bj' 

 will, provided only that this be to a single direct heir, satisf5dng the re- 

 quirements of the law. On the other hand, the provisions of preceding 

 laws declaring the holding undistrainable have been abrogated as they 

 were found to damage the credit of the peasant landowners. 



IvCt us add that the credit granted by the State for home colonisation, 

 fixed at 2,000,000 crowns in 1899, was raised to 3,000,000 crs. in 1904 and 

 to 4,000,000 crs. in 1909. The amounts not required in one year are brought 

 forward to the next. 



§ 3. Resui^ts. 



A. — Amount and Number of Loans. Area and Value of Holdings. 



The total number of small farms founded between 1901 and 1911, in conform- 

 ity with the laws of 1899, 1904 and 1909, was 5,777 and the Treasury loans 

 amounted to 25,410,148 crowns, as appears from the following table. 



(i) A Danish crowns is equal to 1.39 fr. 



