66 CHILE - CREDIT 



§ 3. Loans. 



The amount of lyoans made in current money in 1912 exceeded that 

 of those made in former years. In 1912 there were 1,038 loans made, of the 

 total amount of $71,503,200, against 896 loans in 1911 of 1^57,761,400. 

 There were 51 loans in gold (francs and pounds sterhng), and of these 44 in 

 francs for a total amount of 11,500,000 francs and 7 in pounds for £462,240 

 In 1911 the loans in gold numbered 254, of the value of 40,024,000 francs 

 and £176,260.. 



Of the 1,038 loans in current money, 301 were granted on rural pro- 

 perty and 747 on urban property, in the three cities of Santiago, Valparaiso 

 and Concepcion, the rural loans being fewer in number than the urban, 

 yet exceeding them in value by more than 5,000,000; 



Rural loans . » 301 for S 38,308,200 



Urban " 737 " " 33,i95.ooo 



1,038 .S 71,503,200 



Of the 51 loans in gold, 31 were secured on urban and 20 on rural land : 



In Pounds In Francs 



Rural loans ... 2 for £ 7,040 18 for fr. 6,263,000 



Urban " ... 5 for £ 455,200 26 for fr. 5,237,000 



7 for £ 462,240 44 for fr. 11,500,000 



The greater number of the urban loans were contracted on real estate 

 in the city of Santiago (27,518,000 pesos out of 33,195,000 pesos ; 4,093,000 

 francs out of 5,237,000 francs). Of the rural loans, those in the province 

 of Santiago come first; then those in the provinces of O'Higgins, Colchagua, 

 Aconcagua, etc. 



The ordinary sinking fund payments amounted to $5,222,100 for loans 

 in current money, 1,455,000 francs for loans in francs and £4,390 for 

 those in pounds sterling. The special sinking fund payments amounted 

 to $ 22,882,900 for the former and 24,000 francs for the two latter classes. 



The mortgage transactions up to December 31st., 1912 were thus: 



5,128 loans in pesos per . . S 280,052,500 



286 loans in gold Fr. 51,498,000 



20 loans in pounds sterling £ 647,500 



