AUSTRIA 



THE DISTRICT OF TRENT, A MODEL CO-OPERATIVE DISTRICT. 



{Continued). 



§ 3. Co-operative land credit, distribution, production and sai^ (i). 



A. — Co-operative Land Credit. 



The first rural bank was founded in 1873 at Quadra (Guidicarie) on the 

 initiative of the founder of the first co-operative distributive society, the 

 highly respected Don L. Guetti. Since then co-operative credit has made 

 very rapid progress. 



The work of the rural banks consists in 



(a) granting loans ; 



(&) receiving savings deposits, even of very small amounts ; 



(c) encouraging the foundation of other co-operative consortiums 

 (for distribution, sale and production), granting loans for the purpose and 

 opening credits. 



Tabi,e V. — Situation of the Raiffeisen Banks. 



Credits. 



(i) First year for which there are figures. 



(i) We have to deal in one and the same section with Co-operative l^iid Credit, and 

 Co-operative Distribution, Production and Sale, because the Central Federal ion and the 

 Central Bank conduct all these various kinds of co-operative business. 



