76 SPAIN - CREDIT 



the excellence and the progress of agriculture in these provinces and, 

 on the other, on account of the defective organization of the Positos. In 

 Andalusia we find the most important Positos, also, geneially, the worst 

 managed. 



The really characteristic district where the Positos are truly prosper- 

 ous is Castille. The Castilles have 2,016 Positos or 57 % of the total number 

 in Spain. 



The province of Guadalajara (New Castille) has the most (294). That 

 of Burgos, in Old Castille, is a model district, with 164 establishments; 

 in 1912, the loans granted amounted to 658,557 pesetas distributed 

 in 5,481 loans; in the same year 5,127 repayments were made, amounting 

 to 636,550 pesetas. 



§ 2. Work of the positos in the two years (1910- 1912]. 



In order to exhibit in detail the work of the Positos in the above 

 two years we shall reproduce the principal information contained in the 

 memorial of the Royal Delegation for 1912. 



In that year, the receipts of the Administration of the Delegation (as 

 contributions paid by the Positos, interest on Government bonds, collect- 

 ions and under other heads) amounted to 619,813 pesetas. The expenditure 

 was 566,340 pesetas, with 162,532 pesetas for the central administration 

 service or altogether 728,872 pesetas. 



The Delegation employed 61,500 pesetas in the fotmdation of new 

 positos; the persons concerned who asked for these foundations contribut- 

 ed 26,196 pesetas. The new Positos were founded at Menorguens, and 

 Termens (I/crida), Almonacid de la Sierra, Da Gata, Rueda de Jalon and 

 Ricla (Saragossa) , San Asensio and Viguera (Logrono) , Revilla de Campos 

 (Valencia) and Valverde (Canaries), 



We shall now consider the progress of the existing positos, generally, 

 indicating in the following table their financial situation at the end of 

 each year, since it has been possible really to judge of the work of the 

 Delegation, that is to say since 1910. 



Financial Situation of the Positos on December 31s/. 



Land 

 Years Loans Cash and Documents Total 



— to Debtors — of Title — 



1910 . . . 73,791,679 13,681,928 6,050,827 '93,524,435 



1911 . . . 74699,131 13,715,710 6,297,928 94,712,770 



1912 . . . 77,036,689 12,106,945 6,136,657 95,280,291 



It must be remembered that of the total loans, an amount of 53,474,939 

 pesetas represents old debts and is consequently difficult to recover. We 

 shall now consider the increase in the loans granted by the Positos in the 

 same period. 



