MISCELLANEOUS NEWS 4I 



June, 1912 and, on December 31st., it already federated 20 rural banks, 

 and had bills and acceptances to the amount of 1,699,456 frs. and deposits 

 to the amount of 1,540,469 frs. There were 3,490 members. 



In the same 3-ear there were also fonned the Federations of IMantua, 

 AscoH Piceno and Rieti. 



Finally, last January, on the initiative of the Piccoli Crediti (Small 

 Credit Establishments) of Bergamo, Monza, Romagna and Tuscany, the 

 Cassa centrale per le casse rurali cattoliche d' Italia (Central Bank for the 

 Catholic Rural Banks of Italy) at Parma, the Catholic Banks of Verona, Ro- 

 vigo, Udine, Vicenza etc., there was founded at Milan the Federazione Ban- 

 caria fra le Banche cooperative Italianc (Banking Federation of the Italian Co- 

 operative Banks). It contemplates the assistance and co-ordination of the 

 various federated institutes, hj means of periodical inspections, the ad- 

 option of measures for the common interest, the collection and pubUcation 

 of statistics relating to the Banks and the movement of credit and the 

 foundation of a Banca Centrale (Central Bank) in the form of a society 

 limited by shares to act as its central financial agency (i). 



(Summarised from " Cooperazione Popolare ", organ of the Calholic Rural 

 Banks and Co-operative and Mutual Societies, Parma, nos. 9-12 of 1913 

 and no. 2, January 25th., 1914.) 



* 

 * * 



3. — Federazione delle cooperative e mutue agrarie della sar- 

 DEGNA {Federation of Sardinian Agricultural Co-operative and Mutual 

 Societies). — On December 23rd. last, the "Federazione delle Cooperative e 

 Mutue agrarie della Sardegna " was founded at Oristano, with the object of : 



(a) Uniting in a single representative body the agricultural co-oper- 

 ative and mutual societies of the island, favouring their development and 

 protecting their interests ; 



(b) promoting and maintaining reciprocit}- in business matters among 

 the agricultural societies for production, labour, distribution, credit and 

 insurance ; 



(c) making demand for legislative provisions better adapted to the 

 requirements of the mutual and co-operative societies of the region ; 



(d) providing for the inspection of the business and accounts of the 

 federated institutions. 



(Summarised from a Communication of the Federation, datid Decem- 

 ber 3olh., 1913). 



(i; Recently, on the initiative of a group of People's Banks of Upper Italy, another Ffde- 

 raziane e Banca Federale dellc Cooperative di Credito (Federation and Federal Bank of Co-opera- 

 live Credit Societies) was founded at Milan. Cfr. Monthly Bulletin of Economic and Social 

 Intelligence. February, 1914, p. 29. 



