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increase in the rate of interest for the same time. The
amount of the deposits increased in 1898 by 13 per
cent.; in 1899, when the general progress was less, by
5⅓ per cent. It increased most in those districts where
the highest interest is paid by the savings banks, the
increase being as much as 20 per cent. where the bank
paid 5 per cent.; but it was 39½ per cent. at the same
savings banks in 1898, and about 50 per cent. in 1897.
Where interest is low there is a natural preference for
depositing money in the common banks. The
post-office savings banks, which were introduced in 1886,
are comparatively little used; at the end of 1899 they
contained 2½ million deposits, against 1½ million in
1898, and 1 million at the end of 1897.
A peculiarly Finnish institution are the warehouses
which it has been found necessary to establish in a
great number of parishes to supply the people with
grain during the winter and the spring. Their
existence in about 400 parishes dates from a
decision of the Swedish Diet in 1756, At the end of
1898, according to their books, they held 364,000
hectolitres of rye, 225,000 hectolitres of barley, and
260,000 hectolitres of oats, of which two-thirds at that
time were in the warehouses and one-third lent out.
They had a reserve of cash of about three-quarters of
a million marks, and the total capital of these
institutions, including funds formed by their means, was
about 7 million marks.
Insurance in Finland is arranged on the same lines
as in other countries which are in the same stage of
civilisation. Foreign companies, especially Swedish,
carry on business by the side of the Finnish
companies; and some of the Finnish companies do
business in other countries, though to a less extent.
For some time they seemed to succeed, but of late
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