THE GENERAL RAIFFEISEN FEDERATION OF NEUWIED 



I I 



The value of the merchandise bought and sold was 



1913 

 1914 



1915 



135,721,137 marks 



157,630,291 



299,272,490 



The statistical data do not distinguish between trade on behalf of 

 the co-operative trading societies and trade on commission on behalf of the 

 State and the communes. If however the trade in each kind of merchandise 

 be considered separately, it is seen that the increase we have indicated has 

 been caused exclusively by the trade on commission on behalf of the State 

 and the communes, while the trade on behalf of the co-operative societies 

 has rather diminished than otherwise. 



In order better to observe the influence of the war on the business of 

 these estabHshments we think it will be well to compare their trade in the 

 period before the war with their trade during the war. We will take, as an 

 instance, their trade in the period between i January 1913 and 30 June 1914, 

 and will compare it with that which they accomplished between i July 1914 

 and 31 December 1915. 



(i) Zenliier = 110.25 lbs. 



