io 



AUSTRIA - Co-Ui'i:KATlON AM) Ab'SUClATION 



The Commune, as patron of the Bank, provides an additional guarantee 

 for the engagements of the Bank, so that if the reserve fund is not sufficient, 

 the Commune is obHged to make good any deficiency. 



The money received by the Bank is invested in the following ways; 

 m loans on mortgage preferably to be repaid in successive instalments, sub- 

 ventions or loans on Government securities clearly sisecified, loans to'com- 

 mimes, districts and water consortiums legallv constituted under the pro- 

 vincial law of August 28th., 1870 (Bulletin of Provincial Laws, No. 64), duly 

 aiithorized to contract them and extinguish them by means of additional 

 levies made within their jurisdiction with the permission of the authorities, 

 and, finally, with the approval of the competent authorities, to pubUc 

 institutes of general utility founded upon mutual principles ; discount of 

 bills, of maturity up to six months, pro\'ided with at least three signat- 

 ures of persons recognised as solvent and qualified; discount of the bank's 

 own pass books; purchase of Government revenue bonds and discount 

 of coupons; loans or advances to credit institutions based on mutual 

 principles or on the joint and several guarantee of all their members, 

 provided this guarantee is also accepted by the creditors of such institutes ; 

 in special cases, purchase of real estate ; deposit in current account in 

 specified banks, with the approval of the ]3rovincial political authorities ; 

 participation in the cheque and clearing business of the Imperial and Royal 

 Postal vSavings Bank and the clearing business of the Austro-Hungarian 

 Bank ; deposit of its own Government securities in specified credit instit- 

 utions authorized for the purpose by the provincial political authorities, 

 with the object of obtaining money for its temporary needs. 



The savings bank conducts its own business and provides for its own 

 management by means of a Committee of Management and its clerks. The 

 Committee is composed of ten members elected by the representatives of 



Table IV. — Work and Balance Sheets of t. 



Years 



»855. 

 1870. 

 1880 

 1890 



1900 



1910. 



Number of Books at 

 the End of the Year 



Trent 



193 

 1.353 

 4, in 



13.825 



22,582 



27i603 



Rovereto 



582 

 1,060 

 3,475 

 7,719 

 8.285 



Z,I2I 



13.471 

 36 



Deposited 



Trent Rovereto 



6,178.20 



117,871 — 



I.489.3I9-39 



2.894.59M4 



8,032,487.67 



13,024,001.03 



Withdrawn 



Trent Rovereto 



38,502.10 



30,545.— 



3*4.334.87 



1.567,523.97 



8,293-654.57 



86,184.70 



-5,788,895.94 



10.50 



115,546.86 



347.390.85 



2.606,486.65 



6,501,700.72 



»3,644.44I.— 



34.545 



36,36*. 



350,986 



1,I93,6J9 



8,936,55a 



163.349 



6,370,247 



65,118. 



,8< ^ r^»na'*lf "^ "" ""T^^^ *** ^"^ ^"" '" ''*'"'* "' Austrian Govemtnent Bonds. In 1905 the Fund to meet Depi 

 385,000 crowns. The progressive de preciation of Austrian Government Bonds caused not raly the entrieloss of tt 



