ADMINISTRATIVE ORGANIZATIONS 299 



imum aggregate amount of loans with which such a 

 local association may start is $20,000 and this sum 

 must be divided among at least ten applicants. 

 Loans may not be placed in an amount exceeding 50 

 per cent of the appraised value of the property by 

 which these loans are secured. A loan once placed 

 is regularly amortized on a basis of 1 per cent a year 

 out of the gross 6.0 or 6I/2 per cent a year which the 

 borrower now pays on his loan. Up to March 1, 

 1920, the total amount of loans in this form in New 

 York State was $5,048,440. 



THE COUNCIL OF FARMS AND MAR^KETS 



(See Fig. 34) 



The Council of Farms and Markets is administered 

 broadly by a council of eleven men, of whom ten are 

 appointed by the Legislature, one to represent each of 

 the nine judicial districts and one by the Governor 

 at large. The Commissioner of Markets of the City 

 of New Yor"k is ex-officio a member of the Council. 



This Council came into existence in 1917 as the 

 successor to the two independent Departments of Ag- 

 riculture and Foods and Markets which now consti- 

 tute tlie two divisions under tlie Council. In addi- 

 tion, there is a Bureau of Accounts and a Legal 

 Bureau, each of which functions for both divisions of 

 the Council in matters touching the interpretation 

 of agricultural laws and regulations, and in the prose- 

 cution of violations of these requirements. It works 

 in close cooperation with the office of the Attorney- 

 General. Each division is administered by a commis- 



