BELGIUM - CO-OPERATION AND ASSOCIATION 



" Funds and commitees become liable for per cent, of all losses 



20 ^ 



eventually suffered by the central fund from the loans they make. 



The new service of credit, thus organized, met at once with great fa- 

 vour which is proof of the extent to which it supplied a real need. 



At the end of the year the number of these small war loans had reached 

 2,561 and their total value was 1,262,045 francs. The greatest niimber 

 were granted in the province of Brabant where 926,020 francs were advan- 

 ced to small cultivators who had suffered particularly. 



The various insurance and mutual aid organizations continued to do 

 business represented by a very respectable figure. Fire and life insurance 

 and insurance against hail and mortality among live stock perceptibly 

 increased the number of their policies, the amount of the premiums they 

 received and the capital they insured. 



