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RUSSIA - CREDIT 



Table IV. — Mortgaged Properties according to Size. 



Year 



Rdatively to number of mortgaged 

 properties 



I,arge Medium-sized Small 



properties properties properties 



% % % 



Relatively to total area 



Large Medium-sized Small 



properties properties properties 



% % % 



An examination of transactions in each district shows that large dis- 

 tricts in which the capitaHst sj^stem of cultivating land is followed give most 

 resistance to a crisis, and that resistance is comparatively weak where the 

 large properties are still in the stage of primitive cultivation. 



In 1915 loans were secured by renewed inortgages on 399 properties 

 having a total area of 425,339 deciatines and a value of 63,9x9,857 roubles. 

 The total sum thus lent was 37,963,100 roubles, of which 23,825,600 rou- 

 bles was the sum granted when the loan originated and was renewed, while 

 the remaining 14,137,500 roubles or 60 per cnt of the total sum lent was 

 the sum of the complement an," loans made at the time of renewal. Through- 

 out the year onlj- one privileged loan was granted to the Russian nobles 

 to enable the purchase of properties in the provinces of West and South- 

 West Poland. This loan was of 150,000 roubles and the land bougbt had 

 an area of 2,000 deciatines. The following table will give a more exact 

 idea of the development of renewals of mortgages from 1901 to 1915. 



