INSTITUTFS FOR RURAL LAND CREDIT 59 



The Schleswig- Holsteinische Landschaf t{Schleswig Holsteinlyandschaft), 

 at the end of 1912, had granted credits for 105 landed estates of the nobiUty, 

 6 large farms {Meierhofe) and 2,385 miscellaneous holdings. 



In the following Table II, the land bonds issued by the Prussian I^and- 

 schaften are classified according to their rate of interest. The rate of interest 

 is a sure standard by which to judge the cost of the loans to the farmers, as 

 the lyandschaften receive very little beyond their working expenses. Most 

 of the bonds in circulation bear interest at 3 ^ %. However, in recent 

 years, on account of the generally high price of money, the I^andschaften 

 have been compelled again to charge 4 % on their new issues. 



