40 ITAI,Y - CO-OPERATION AND ASSOCIATION 



as societies of collective title, the agricultural and labour co-operative 

 societies as limited liability societies. 



The 41 rural banks had, on December 31st., 1912, 3,452 members, 

 and had done a total general business (outgoings and incomings) of 

 2,753,849 frs. The sums deposited with them amounted altogether to 

 2,109,503 frs., the debit current accounts to 459,224 frs., and the loans to 

 2,468,000 frs., of which 2,118,000 frs., were represented by loans on the 

 security' of bills and 350,000 frs., were loans to private persons or economic 

 associations, in current account. The net profits for 1912 were 24,055 frs. 

 The 41 federated banks had altogether a capital of 134,808 frs. consist- 

 ing of members' contributions to the amount of 68,313 frs. and reserve funds 

 to that of 66,495 frs. 



The second group of societies belonging to the Parma Federation was 

 composed of labour co-operative societies, 14 in number, with 645 members. 

 In the course of 1912 they provided work for 500 labourers, paying them 

 wages to the amount of 162,125 frs. 



The Consorzio delle cooperative di lavoro dell' Appennino parmense (Con- 

 sortium of I^abour Co-operative Societies of the Parma Apennines) is of 

 special importance. It has its head quarters at lyanghirano, and nine 

 societies are federated in it. It is carrying out works for an amount of 

 1,377,000 frs. 



The members of these co-operative societies are exclusively labourers. 

 Naturally, therefore, they have need of the continual vigilant assistance of 

 the Federation, which makes apphcation to the public administrations for 

 labour contracts, taking all the steps required and obtaining an advance 

 of the necessary funds. 



The agricultural distributive co-operative societies federated, on De- 

 cember 31st., 1912, were 10 in number, with 450 members and did a total 

 business of 268,990 frs. 



In 1911 the Federation of the Parma Province inspected many of its 

 adhering societies. 



(d) Federazione delle Casse rurali e popolari delta Provincia di Bologna 

 (Federation of Rural and People's Banks of the Province of Bologna). — 

 On December 31st., 1912, this Federation included 81 societies, with 7,123 

 members. The situation of the Federation was as follows : capital 

 108,203 frs. ; deposits 2,983,224 frs. ; other liabilities 176,318 frs. ; loans 

 1,859,699 frs. ; various securities, 449,547 frs. ; deposits in credit current 

 account, 763,988 frs. ; other assets, 216,229 frs. ; revenue, 143,351 frs. ; 

 expenditure 121,634 ^rs. 



(e) Federazione pistoiese delle casse rurali (Pistoia Federation of Rural 

 Banks). — On December 21st., 1912, there were in this Federation 

 38 rural banks with 2,825 members. The savings deposits at that date 

 amounted altogether to 1,250,103 frs. and the loans to members in the year 

 to 350,000 frs. The share capital and reserve funds amounted to 24,175 frs. 



(f) Federazioni diocesane delle casse rurali di Treviso, Mantova, Ascoli 

 Piceno e Rieti (Diocesan Federations of the Rural Banks of Treviso, Mantua, 

 Ascoli Piceno and Rieti). — The Treviso Federation was founded in 



