EXAMPLES FROM OTHER LANDS 



29 



or use of agricultural machinery and implements. Long- 

 date loans to farmers are granted by the regional banks — 

 through the intermediary of the local societies — up to the 

 amount of 8,000 francs (£320), for the purpose of buying 

 or improving small landed properties. The money lent is 

 to be repaid, by annual instalments, in fifteen years. 



How, under these circumstances, agricultural credit 

 expanded in France during the period 1900-10 is shown 

 by the following figures : — 



The total sum which the regional banks had at their 

 disposal in 1910, including loans from the State, was 

 £2,287,000, and of this amount £2,017,000 was assigned to 

 the financing of local agricultural co-operative banks under 

 the law of 1899. 



Down to the end of 1910 long-date loans had been 

 granted by the regional banks to productive agricultural 

 co-operative societies, under the law of 1907, as follows : — 



Number of societies receiving loans 

 Number of members 

 Paid-up capital 

 Loans received 



131 



16,497 

 /io8,850 



2i76.233 



The total of 131 societies is made up thus : — 



Dairies and butter factories 

 Wine societies 

 Cheese-making societies 

 Purchase and collective use 



machinery and implements 

 Distilleries 



Wine and oil societies 

 Oil societies 

 Starch factories 

 Various 



Total 



of agricultural 



29 

 29 

 26 



x 7 

 11 



5 



5 



2 



7 

 131 



