70 HUNGARY - CREDIT 



Finally, of less importance are the " Alhina " Loan and Savings Instit- 

 ute, founded at NagySzeben in 1872 by the Roumanian population of 

 Hungary, with total mortgage loans amountmg to 11,093,355 crs., the Erdely 

 Mortgage Bank, founded at Kolosvar in 1891 , with mortgage loans amounting 

 to 7, 096,914 crs. and the Land Lnstiiute of the Erdely Savings Banks, founded 

 at Mediasch in 1862, with, on December 31st., 1910, mortgage loans amount- 

 ing to 7,435,916 crs. 



§ 3. Mixed savings banks. 



Under this name we find ten societies Hmited by shares conducting fin- 

 ancial operations of various character, but working chiefly as savings banks. 

 They began gradually to issue land bonds as the increase of their loan 

 business threatened to make it difficult to realise their capital promptly. 



Some of these institutes have considerably developed their mortgage 

 business, both by means of their own capital, and the issue of land bonds. 

 But since these savings banks present no special interest in respect 

 to their work as land credit institutes, we limit ourselves to mentioning 

 their names, the year of their foundation, and their head quarters. 



The savings banks we refer to are: ist. First National Savings 

 Association, founded at Budapest in 1840. which began issuing land 

 bonds in 18S2 ; 2nd. Hungarian National Central Savings Bank, founded 

 in Budapest in 1872, which issued its first land bonds at 4 % % in 

 1888; 3rd. United Savings Bank of Budapest [Egyesult Budapest fovdrosi 

 takarekpenztdr) founded in 1846, which in 1874 began issuing land 

 bonds at 6 % ; 4th. Budapest Savings Bank (Society hmited by Shares) 

 {Belvdrosi takarekpenztdr R. T.), founded in 1882, which began its mortgage 

 business in 1895 with the issue of bonds at 4^4% » 5th. General Hungarian 

 Savings Bank (Society limited by Shares) founded in 1881 at Budapest, 

 which began in 1904 to lend by means of issue of bonds at 4% ; 6th. First 

 Temesvar Savings Bank, founded in 1846, which made its first issue of bonds 

 at 5% and 4 ^% on January ist., 1889; 7th. Savings Bank of the City 

 of Arad, founded in 1888, which commenced mortgage business in 1890 with 

 the issue of bonds at 5 % and a premium of 10%; 8th. Savings Bank of the 

 County of Arad, founded in 1870, which began mortgage business in 1898, 

 with the issue of bonds at 4 ^ % ; 9th. First Debreczen Savings Bank, 

 founded in 1846, which began only fifty years later to issue bonds at 

 4 V2 %'' TOth. First Croatian Savings Bank, founded in 1846, which issued 

 land bonds in 1903 at 4 and 4 ^2 %• 



