1905.] 



Agricultural Credit Banks. 



99 



being carried to the reserve funds and used as working 

 capital. 



It is claimed for these societies that, by advancing loans for 

 the purchase of a cow, or a few pigs, and for similar purposes, 

 they have enabled many labourers to realise considerable 

 additions to their income, and that as yet no bad debts have 

 been incurred. 



Considerable progress is shown in 1903 as compared with 

 1902, the number of societies in 1903 being 154 as compared 

 with 114, and the membership 10,509 compared with 7,921. 

 The total capital was ^85,128, or an increase of 97 per cent. ; 

 the amount of loans advanced £$3,753, an increase of 8"5 per 

 cent. ; and the profit after allowing for all expenses £652, a 

 decrease of about 20 per cent. 



The following table shows the membership, capital, business 

 and profits of Co-operative Credit Associations during the years 

 1902 and 1903, distinguishing England and Wales, Scotland 

 and Ireland, and town from agricultural districts : — 





No. of Societies Mak- 

 ing Returns. 



No. of Memters. 



Share and Loan. 0 

 "2. 



EL 



Reserve. 



Amount granted in 

 Loans during the 

 Year. 



Amount of Loans re- 

 paid during year, in- 

 cluding Interest. 



Working Expenses, in- 

 cluding Interest on 

 Capital. 



Profit after allowing 

 for Interest on Capital. 



England & 



Wales :— 

 Town Districts 

 Agricultural 



Districts 



Total England & 

 Wales, 1903. 



Ditto, 1902 ... 



Scotland : — 

 Town Districts, 

 1903 



Ditto, 1902 ... 



Ireland : — 

 Agricultural 

 Districts, 1903 



II 



7 



r,93i 

 199 



£ 

 9,182 



962 



£ 

 229 



148 



£ 



6,648 

 679 



£ 



4,676 

 723 



£ 

 417 



41 



£ 

 123 



21 



18 



2,130 

 1,549 



10,144 



377 



7,327 



5,399 



458 



144 



17 



10,567 



282 



4,450 



4,286 



581 



262 



2 



777 

 768 



47J56 



6,176 



5,34o 



6,047 



1,854 



209 



2 



46,852 



5,963 



10,822 



8,283 



1,656 



288 



134 



7,602 



20,249 



1,026 



21,086 



15,748 



626 



299 



Ditto, 1902 ... 



95 



5,604 



13,350 



593 



15,835 



10,710 



434 



263 



An account was given in this Journal in June, 1902, of the 



I 2 



