54 



RUSSIA - CREDIT 



§ 2. vSaLE of properties. 



Of the 41,827,300 roubles, which are the total sum of the loans granted 

 by the Bank of the Nobility in 1915, a sum of 13,772,400 roubles was paid 

 to the borrowers in the form of bank bonds. And as bank bonds of 1915 

 could be reaHzed at 77.7 per cent, on an average, the sum really received 

 by the owners of the mortgaged lands was about 10,700,000 roubles or 

 approximately 25 per cent of the total sum granted by the bank. This 

 fall in the current race of bank bonds caused the proportion of the sum 

 granted to that actually paid to borrowers to be less than it had been for 

 six years. In the years from 1910 to 1915 the percentages formed by the 

 sums paid were respectively, 38, 36, 37, 40, 39 and 26, and the percentages 

 formed by the sums retained were therefore 62, 64, 63, 60, 61 and 74. 



The remainder was represented by the renewed debt to the bank of 

 22,489,000 roubles, and the sums retained for the extinction of foreign 

 mortgages or other purposes, which amounted to 5,565,900 roubles. 



In the whole course of the bank's existence mortgages to various mort- 

 gage credit banks have been redeemed up to the amount of 1,095,700 rou- 

 bles. 



The following talkie gives a more exact idea of the bank's business 

 fiom 1886 to 1915. 



Table VII. - - Redemption and Mortgage Renewal Business 

 from 1886 to 1915. 



The sums intended for amortization, paid voluntarily and in advance 

 to the bank by borrowers in 1915, reached the sum of 3,521,855 roubles. 

 These payments emancipated from all burden of mortgage 629 properties 

 having a total area of 106,045 deciatines, of which 62,917 remained the 

 property of persons belonging to the hereditary nobility, while .[6,128 de- 

 ciatines v.'ere ceded to persons otitside the nobility for the whole time for 

 which they should remain mortgaged to the Bank of the Nobilit3\ 



The total sum paid in 1915 comprised 1,822,439 roubles paid by the 

 nobles and 1,599,416 roubles paid by persons not belonging to the nobility. 



