92 



RUSSIA - CREDIT 



Agricultural Produce Accepted as Security by the State Bank 

 {in tJwusands of Pouds) in 1907-1911. 



Kind of Produce 



1907 



1911 



Wheat 



Rye 



Oats 



Barley 



Maize 



Oleaginous Grains 



Flour 



Potatos 



Buckwheat 



Pease 



Millet 



Cotton 



Flax 



Tobacco 



Wines (Thousands of Vedros) ( i) 



Spirits of Wine (Thousands of 

 Vedros) 



Timber for Building Purposes (in 

 thousands of Beams or Planks). 



(i) I Vedto = 12. 29894 litres. 



22,590 

 8.561 

 5.143 

 4.254 

 1,535 

 6,147 

 1.974 

 8,826 



219 



131.664 

 30,986 



43.043 

 42,225 



6,950 

 15.573 

 28,055 



31.364 

 2,970 



3,741 

 2,885 



2,562 



1,726 



392 



384 



5.345 



111 the three years 1909, 1910, 1911, about 6 % of the total production 

 of the four chief kinds of cereals was given to the State Bank in security for 

 loans. In his Budget speech for 1913, the ]Minister of Finance did not 

 fail to observe that the moral importance of this fact far exceeds its material 

 importance, for the possibility of the producers obtaining such loans, in 

 itself suffices to assure them of more remunerative conditions of sale. 



§ 3. State bank " elevators. " 



The estabHshment of elevators was first spoken of in the middle of the 

 last century but the proposal was not followed up. Later on, in 1883, the 

 Government charged a Commission to determine the measures to be taken 

 in connection with the fall in price of corn, and this Commission pronounced 

 itself in favour of storehouses of this kind. It saw in them a means of 

 bringing the producers into more direct relation with the market and re- 



