Part III: Credit 



ALGERIA. 



CREDIT FOR COI.ONIZATION IN ALGERIA 



SOURCE : 



AvENOL (j.) : I^es Banques Algeriennts et la Banque de I'Algerie (Algerian Banks and the 

 Bank of Algetia) in Revue dcs Sciences politiqiies, 3rd. Series, 31st. year. Vol. XXXVI. — 

 III. Paris, 15 December igi6. 



The considerable economic development of Algeria in the last ten years 

 is proof of the remarkable effort which colonists have made in the domain 

 of agriculture, and also of the perfect appropriateness of the financial me- 

 thods which have been employed to support agriculture by providing it 

 with necessar}- credit. 



From 1901 to 1911 Algeria's foreign trade doubled, being represented 

 in 1913 by the sum of fifteen hundred million francs (i). 



The success of this effort was only rendered possible by the support 

 given to colonists b}' the bank*:. The three principal of them are the 

 Banque de I'Algerie, which has a privileged issue, and two private houses — 

 the Credit Fonder d'Algene and the Compagnie Alger ienne. 



M. J. Avenol, from whom we borrow the chief data contained in this 

 short study, remarks that the two generations following on the conquest did 

 not experience hindrance and uncertainty in vain. Algeria has become a 

 countr}^ of bold, enterprising colonists, having faith in the future of the 

 land and the technique and traditions necessary to deriving profit from its 



(1) I franc = 9^5 '^^ ^t par. 



