AGRICULTURAL CREDIT BANKS 1 1/ 



and real estate in so far as it shall be required for the 

 service of the Fund. 



The manager of the Fund is subordinate to the Director 

 of Inland Government, and is under the supervision of 

 a committee appointed by the Governor-General. The 

 staff of the Fund is composed of officials and function- 

 aries in the service of the State, but they are paid by the 

 Central Fund. 



The Central Fund renders accountant's services to the 

 popular banks. It pays to the State on the working 

 capital interest equal to that which is paid by the District 

 (now ranging from 3 to 16 per cent.). It charges the 

 popular banks 6 per cent, interest. Credits are only 

 opened to those popular banks which are well managed, 

 and is therefore a guarantee also for the prompt repay- 

 ment of withdrawn deposits. 



The Central Fund may also be charged by the Govern- 

 ment with the book-keeping of and supervision as regards 

 the use of funds granted by the Government on behalf 

 of the revival of popular welfare (such as famine 

 funds, etc.). 



ABBREVIATED BALANCE SHEET OF THE CENTRAL FUND ON 

 DECEMBER 31, 1913. 



Debit. Credit. 



Cashinhand fl. 365-81 Working capital ... fl. 2,125,250-00 



Banks and banking Creditors ... 156,547*23 



institutions . 368,110-35 



Investments ... 

 Shares 

 Debtors 

 Inventory 

 Balance of loss 



1,127,569-10 



764,008-05 



I3.59470 



I,IOO'OO 



7,049-22 



fl. 2,281,797-23 fl. 2,281,797-23 



PROFIT AND Loss ACCOUNT. 



fl. ior, 991-51 fl. 101,991-51 



The following figures show the position of the popular 

 credit banks on December 31, 1913: 



