66 AUSTRIA - CREDIT 



in demand on account of their being easily realisable ; but, on acount of 

 the depreciation of Government securities, they are not absolutely safe. 



Finally, in regard to mortgage loans, we repeat here what we have 

 already had occasion to mention in this Bulletin, that the official statist- 

 ics do not make distinction between loans on mortgage on rural and on 

 urban estate. Such a distinction would have enabled us, within certain 

 Hmits, to show the manner in which the national savings are invested in mort- 

 gage loans and what proportion benefits agriculture. This it would be de- 

 sirable to learn on every ground, in view of the large amounts of the mort- 

 gage loans granted by the savings banks; in fact, the amounts invested by 

 them in mortgage loans far exceed those granted by the Public Land Credit 

 Institutes and mortgage banks limited by shares (i). 



(i) In 1909, the savings banks had invested 3,402,619,374 crs. in mortgage loans and 

 the Public I,and Credit Institutes and Mortgage Banks I/imited by Shares, had investec; 

 2,598,059,000 crs. 



