i8 



BEI,GIUM - CO-OPERATION AND ASSOCIATION 



1873 on commercial societies. With regard to these the statistical report 

 gives no information. 



By law of June 2Tst., 1894, the General Savings and Pension Bank 

 facilitates their work, opening credits for them on the security of the central 

 banks (limited liability societies). 



Of these at the end of 1911, there were eight, amongst which the 

 most important is that of the Boerenbond. But the rural banks only make 

 use of the funds placed at their disposal to a limited degree, employing 

 almost exclusively for their work their own funds and those of their feder- 

 ations. In fact, on December 31st., 1911, 233 Raiffeisen banks had been 

 credited by the above Institute with an amount of 990,032 francs; but they 

 only availed themselves of 278,822 frs. of this amount, On the other 

 hand, the 8 central and 268 local banks had at the same date deposited 

 with the General Bank, either in current account or in savings bank books, 

 a total amount of 6,196,577 frs. 



The situation of the 8 central banks on December 31st., 1911 was as 

 follows : 



Situation of the Central Land Credit Banks, on December 31st., 1911. 



Head Quarters 



of the 

 Central Bauks 





O d 



20 So CO 



OS 



•° 3 





•3a 



y a M 



O^ CO 



8^ a 



I^ouvain (i) . . 



lyi^ge 



Enghien . . . 



Arlon 



Bruges .... 

 Ermeton-s/Biert 



Sivry 



Namur .... 



Total 



333 



34 



86 



112 



28 



17 

 II 



38 

 28 

 51 

 91 



13 

 9 

 3 



181,500 

 159,700 

 262,086 

 268,400 



68,200 

 38,996 



52,200 



4,200 

 50,000 



54,500 



69,993 



354,840 

 495,903 



2,761 



21,207 



4.135 



841 



16,718 



629 



233 



990,032 



28 



160,900 



920,736 



45,662 



(i) The I^ouvain Central Bank, which belongs to the Boerenbond, has formed a land credit depart- 

 ment, which in 191 1 had granted ijo loans on land for an amount of 597,825 frs. 



There are also two people's banks of Schulze-Delitzsch type, those of 

 Goe-Iyimbourg and Argenteau, which, as they lend especially to farmers, 

 may be considered as agricultural banks. The statistical return gives no 

 details of their work. 



