LOANS GRANTED BY THE STATE BANK ON SECURITY OF GRAIN 



91 



With regard to the loans granted b}- intermediaries, let us first 

 mention that, from 1897 to 1899, the benefit of these loans was reserved 

 for producers, but since 1900, the year in which the provision to that 

 effect was suppressed, the loans to dealers have increased continually. 

 We shall give more detailed statistics on the matter in the following table. 

 Let us add that much is expected from the establishment of the co- 

 operative or State Bank elevators in the direction of reducing the propor- 

 tions in favour of the producers. 



Finally, the credit granted through the medium of the railways has ex- 

 clusively benefited the dealers. The producers only received 0.8 % in 1903; 

 0.5 % in 1904 and 0.3 % in 1905. The development of new forms of credit 

 has not therefore liberated the peasants from their strict dependence on 

 traders and speculators. 



Percentage of Loans Granted to the Various Grottps of Borrowers. 



Years 



By the State Bank 

 and its Branches 



To 



Rural 



I<andbolders 



To 

 Feasants 



To 

 Dealers 



Through the Medium of the Credit 

 Institutions, Zemstvos etc. 



To 



Rural 



IvEudholders 



To 

 Peasants 



To 

 Dealers 



1893 36.1 i 20.9 43.0 



1894 15-3 ' 310 I 53.7 



1895 41.9 ; I0.2 ! 47.9 



1896 27,9 j 3.1 ' 69.2 



1897 25.8 j 2.4 71.8 



1S98 22.9 1,9 75.2 



1899 18.0 2.1 79.9 



1900 13.4 1.4 85.2 



1901 II. o 1.4 86.8 



1902 14.1 . 1.3 84.6 



1903 15-5 i-o 83.5 



1904 16.5 I.I I 82.4 



1905 14.6 j 0.9 I 84.5 



1906 9.8 0.9 1 89.3 



1907 7.2 j 0.3 I 92.5 



1908 9.4 0.4 " 90.2 



1909 19.1 1.9 79.0 



1910 18.3 I.g , 79.8 



19II 17.3 1.9 I 80.8 



35.9 

 17.I 

 27.6 



5-4 

 40.0 

 60.0 

 33-3 

 33-3 

 42.1 



5-6 



9-5 

 8.0 



3-4 

 0.9 



1-7 

 2.6 



3-5 

 28.0 

 41.4 

 10.8 

 60.0 

 40.0 

 66.7 

 22.2 

 21.0 



12.5 



9.8 



143 

 8.0 

 I.I 

 0.4 

 0.9 

 2.6 



60.6 



54-9 

 31.0 



83.8 



44-5 

 36.9 

 75.0 

 84.6 

 76.2 

 84.0 

 95.5 

 98.7 

 97-4 

 94.8 



We give below a few figures showing what kinds of produce were 

 accepted in security for loans by the State Bank and in what proportion: 



