:sOTlCEvS RELATING TO CREDIT IN VARIOUS COUNTRIES. 



GER^IANY. 



AI<TROCK (Walther V). Kur und Neumavkisches Ritterschaftliches Kreditinstitut und neues 

 Braudeburgisches Kieditinstitut. Veroffentlichungen des Konigl. Preussischen Ivands-Oe- 

 konomie-Collegium {The Institutions of Land Credit for the Fiefs of Kurmark and Neutnark 

 and the New Credit Institute of Brandenburg. Publications of the Royal Prussian College of 

 Agrarian Economy) Pamphlet 17. Berlin 1915. 



In this book are set forth the origin and development of two special mort- 

 gage institutions of Brandenburg and the results obtained by the action 

 of each. 



Of them that known as the Kur- unci Neumarkishces Ritterschaftliches 

 Kreditinstiiiit was formed on 15 June 1777. As its name indicates it is 

 one of the special financial institutions the operations of w-liich affect feu- 

 dal landed propert}', such property securing the mortgage deeds they issue, 

 which are insured by the collective guarantee of all those who compose these 

 institutes. 



This particular establishment is distinguished among the numerous 

 German financial institutions because its mortage deeds are guaranteed 

 only by the group of proprietors who are its members and own the mortgaged 

 properties in question, and not by all the local nobilit}', as in Silesia and 

 Pomerania, nor by all the proprietors of fiefs, as in Prussia. 



According to the by-laws of 1777-1784 the following may belong to this 

 institution : 



a) All nobles whose property in land is worth more than 6,000 tha- 

 lers (i) ; 



b) All landowning commoners whose rural property is worth more 

 than 20,000 thalers. 



The activity of the institution is limited to the territory of Brandenburg 

 as this was defined in 1777 ; that is to say to the districts of Stendal, Salz- 

 wedel, Gardelegen and Osterburg in Saxony, Schevelbein, Dram burg, Pyritz, 

 Saatzig, Regenwald and Randord in Pomerania, and to the single district 

 of Griinberg in Silesia. The districts annexed to Brandenburg after 1777 

 are excluded, those namely of Sternberg, Niederlawitz and Fiiterbog-Lucken- 

 wald. 



The annual statistics for 1890 supply, as shown by the following table, 

 the number of landed propeilies authorized to belong to the mortgage in- 

 stitute : 



(i) I thaler = 2s. 11 ^/^d. at par. 



