LOANS GRANTED BY THE STATE BANK ON SECURITY OF GRAIN 89 



ities for depositing their securities with various functionaries or with the 

 zemstvos ; new agencies of the Bank have been opened ; above all, elevators 

 have been established, a subject to which we shall return to deal with it 

 in detail. 



Besides the loans granted on security of agricultural produce properly 

 so called, the State Bank, after various attempts, in 1899 installed a 

 service for agricultural credit on duplicates of railway way bills. These 

 loans are exclusively reserved for persons regularly occupied in the grain 

 trade. They are given in the form of a bill at six weeks' date at most 

 and their amount may not exceed 80 % of the value of the security. 



The following table shows the development of credit on security of 

 grain in Russia. We shall see that after the depression of 1896-1899, already 

 noted, these loans again began to increase, owing to the measures taken by 

 the Government. 



Loans on Security of Agricultural Produce Granted by the State Bank 

 between 1885 and 19 11, in Millions of Roubles. 



Year 



lyoans on Sfcurity of Agricultural 

 Produce Strictly so called 



By 



the Bank 



and its 



Branches 



Through 



Credit 



Institutions, 



Zemstvos, 



etc. 



Through 



the 

 Railways 



lyoans Granted 



on Duplicates 



of Railway 



Waybills 



Total 



1885-1892 



1893. • • 



1894. . . 



1895. • 



1896. . . 

 1997. . . 



1898. . . 



1899. . . 



1900 . . . 

 I901 . . . 



1902. . . 



1903. ■ • 



1904. . . 



1905 . • • 



1906 . . . 



1907. . . 

 1908 . . . 

 1909. . . 



1910 . . . 



1911 . . . 



19.4 

 13.0 

 34-6 

 50.0 

 28.1 

 26.1 

 22.6 

 23.8 

 28.4 

 36.5 

 35.8 

 42.4 



45.7 

 45.7 

 47-3 

 41.0 

 49.2 

 71.1 

 104.3 

 122.7 



13-9 



8.2 



2,9 

 3-7 

 0.5 

 0.5 

 0.3 

 0.9 



1.9 



2.4 



71 



4.2 



6.2 



8.8 



21. 1 



1 1.8 



152 



39.7 



725 



2.7 

 8.1 



9-4 



6.8 



10.9 



13.0 



15-5 

 20.0 



34-8 

 273 

 253 

 22.9 

 21.9 

 16.1 

 14.9 

 13.0 

 10.2 



7-3 

 9.8 



30 

 20.5 

 24.6 

 21.3 

 23.9 

 32.7 

 35-6 

 340 

 43-9 

 44.2 

 40.0 

 591 

 634 



19.6 

 29.6 



50.9 

 62.3 

 38.6 

 37-5 

 36.1 

 42.6 

 69.8 

 97.8 

 86.8 



98.7 

 105.5 

 109.4 

 io6.2 

 120.9 

 II8.2 

 136.5 



210.4 

 268.4 



