THE ACTIVITY OF THE STATE LAND BANK FOR THE NOBILITY 53 



As is seen from this table the percentage of the renewed mortgages 

 is very high and the . number of the loans made by the bank in the course 

 of the last fifteen 3^ears is very low ; and the agrarian disorders brought 

 grave loss to the property of the nobility only in 1907, the last year in 

 which they occurred. In other words this table is proof of the crisis active 

 in Russia in 1915, to get the better of which the bank had co help land al- 

 ready burdened with mortgages. 



As for the definite results of the privileged mortgage business, repre- 

 sented by a sum equal to 75 per cent, of the value of the mortgaged lands, 

 which aimed at enabling the nobles to buy lands in Poland, it did not reach 

 too liigh a figure. From 1894, the date of the first transactions of this 

 kind, the bank has thus facilitated the passage Lo the ownership of Rus- 

 sian nobles of 228 farms wliich pre\'iously belonged to Poles. Their total 

 area was 533,024 deciatines and their total estimated value 32,316,921 

 roubles. 



Table VI. — Privileged Mortgage Transactions to enable the Purchase 

 , of Land in Poland. 



