402 



Co-operation in Bavaria. 



Certain advantages as regards interest on secured overdrafts on 

 the Royal Bank were also granted to the central co-operative 

 bank to help it through its first years. These privileges ceased 

 on January 1st, 1902, when the bank was expected to be in a 

 position to hold its own without further special favours. In 

 1894 forty-eight societies were affiliated to the central bank. In 

 1 901 there were 1,645 affiliated societies, the value of whose 

 collective credit was estimated at ,£147,250. The progressive 

 character of the business transacted by the central bank is shown 

 by the following extract from one of Baron Soden's tables : — 



- 



In 1894. 



In 1900. 



Up to June 30, 1901. 





£■ 



I 



£• 



Paid in by members ... 



101,092 



1,092,696 



533*986 



Paid out to members... 



123,626 



1,1 18,724 



621,200 



Effects 





115.403 



115-403 



Total turnover 



396,071 



4,295.619 



2,750,000 



A branch of the Neuwied (Raiffeisen) Central Bank was 

 established in Nuremberg in 1895, independent of the Bavarian 

 semi-State bank, and in 1898 counted 314 affiliated societies, 

 doing business to the extent of £489,843 turnover. There are 

 some other minor institutions of similar character. 



Besides these institutions for the organisation of personal 

 •credit, an important step in the organisation of real credit was 

 taken in 1896 by the establishment of a mortgage deben- 

 ture association on co-operative principles, having in circulation 

 last year mortgage debentures to the amount of £1.366,635. 



The most important operations of agricultural co-operation in 

 Bavaria are concerned with the organisation of agricultural 

 credit, but agricultural co-operative societies are also doing 

 business in the wholesale purchase of seeds, manures, feeding- 

 stuffs, and machinery and implements, to the extent of £503,493, 

 and in the co-operative sale of produce to the amount of 

 £313,905. There are 150 dairy societies, and sundry special 

 co-operative societies for the sale of fruit, hops, wine, tobacco, 

 and other products ; also 1 1 important and 976 minor co- 

 operative cattle-breeding (bull) associations, 86 pig-breeding 

 associations, and 140 boar-keeping associations, besides sundry 

 associations on co-operative principles for drainage and irri- 



