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DENMARK - CREDIT 



As we see, about a tenth part of the rural holdings were free of all 

 charges. The value of these holdings was 13 % of the total value of rural 

 land, which would imply that they were holdings a little larger than the 

 average of those mortgaged. The burdens on these amounted to 49.5 % 

 of their value, or about 4,500 crs. per unit of cadastral valuation. 



Let us add that the holdings in the islands are generally less en- 

 cumbered than those of Jutland, as appears from the following table. 



This is principally due to the fact that most of the Danish entailed 

 estates, ahnost or entirely unencumb.ered, are situated in the islands. 



The State domains and the land belonging to communes or public 

 establishments are \-er>- Uttle mortgaged. On the other hand, the farms 

 of the small state farmers {Statshusmaend) are to a large extent mortgaged 

 on account of the State loans received (i). The following table shows 

 the situation in regard to these various holdings : 



(i) See in the number of this Bulletin for Januarj-, 19 14, the article, 

 isation in Denmark from 190X to 1911 ". 



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