5 2 RURAL DENMARK 



of the loan has been paid off in a period of forty-six 

 and a half years, the three-fifths section is, or rather 

 will be, dealt with in the same way. Thus the total 

 loan will be liquidated in a term of ninety-three years, 

 or, as no capital is repayable during the first five 

 years, in ninety-eight years in all. 



Of course it is far too early to know how all these 

 elaborate arrangements will work out. Still, I may 

 add that up to the present the State has only found 

 it necessary to dispossess a very few small-holders, 

 although a good many of these have already given up 

 or transferred their holdings by private arrangement 

 without the State incurring any 'loss. 





9 



