28 



FRANCE - CO-OPERATIQN AND ASSOCIATION 



Co-operative S<cietiis that have received Advances. . . 



Capital Paid up (in fr.ncs) 



Advances at their Disposal ( n francs) 



Number of Members 



These Societies were distributed as follows, according to 

 their Objects : 



Dairies and Butter Factories 



Fruitieres and Cheese Factories 



Wine Societies 



Oil Mills 



Wine and Oil Societies 



Distilleries 



Starch Factories 



Societies for the Utilisation of Material 



Miscellaneous Societies 



Total . . . 



At the Bud 

 of 1911 



202 



4.114,386.15 



6,642,277.70 



24,187 



At tlie End 

 of 1913 



41 

 61 



32 

 6 

 6 



2 



26 



9 



290 

 5.45fi.73i-5o 



9 'a^tMaig 

 36,762 



50 



lOI 



41 

 II 



5 

 21 



2 

 45 

 14 



290 



Most of the co-operative societies continued in 1912 to pay the in- 

 stalments due on the advances received. 



The law of March 19th., 1910 on individual long term credit was ap- 

 plied in the case of 79 out of 88 banks which had received special advances. 

 The advances at the disposal of the regional banks increased in amotmt from 

 7,066,000 frs. to 12,187,800 frs. Out of this sum, in the course of 1912, 969 

 new loans for the amount of 3,609,443 frs. were made, giving an average 

 of 3.725 frs. per loan. 



Thus, since the passing of the law, 2,049 farmers have obtained long 

 term loans for the total amount of 7,721,995 francs. 



In 1912, the banks received a large number of applications for long 

 term loans it was not in their power to grant. It shotild be remembered, 

 with regard to this, that the law of March 19th., 1910 primarily- 

 intended to place at the disposal of young, hardworking and honest 

 peasants, desirous of devoting themselves to agriculture, the means for 

 starting small farms, and enabling them to have famiUes and provide for 

 their necessities. Consequently, in conformity with the spirit of the law, 

 the regional banks are only able to assist in procuring long term loans, 

 when they are certain that their intervention will result in a family being 

 preserved for agriculture or a small farm being formed. 



