Full resolution (JPEG) - On this page / på denna sida - III. Rural Husbandry. Introd. by H. Juhlin Dannfelt - 4. Public and Private Institutions for the Advancement of Agriculture. Introd. by W. Flach - Agricultural Credit Establishments. By V. Ramstedt - Mortgage on Real Estate. By O. Sederholm
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mortgage on real estate.
139
the estate-owners the right to give notice after 10 years of repayment
of loans on landed property advanced by the Societies.
In this connection, the net amount of the capital-discount (Disagio) was
carried over in 1897 from the Bank to its Societies, while, at the same
time, an amortization system was drawn up, whereby all the discounts
were amortized by the close of 1912.
By taking this step, the loan business of the Mortgage Bank lias adopted
entirely the simpler and freer forms that, at an earlier date, marked the
loan business of the Bank of Sweden.
The reform makes it possible to choose the most suitable time for
converting loans, whereby land-owners are given the prospect of obtaining
those loans at the low rates that the best mortgage society of the country
should be able to ensure.
The Department of Agriculture is at present preparing a bill for the
creation of loan-negotiation institutions for small farmers and small
farms.
Those desirous of learning something more of the development of the
Mortgage Bank are referred to the work "The Swedish General Mortgage
Bank" (Sveriges allmänna hypoteksbank 1861—1911) which was issued
in Swedish in 1911, to celebrate the 50th year of the Bank’s existence:
information can also be obtained from the Bank Directors’ and Auditors’
Reports, etc., which have been the source from which the principal part of
this account of the work of the Banks been obtained.
Mortgage on Real Estate.
The official statistics of Sweden give annual reports of the amount of the
total of mortgages granted and redeemed (or otherwise voided), and also give a
calculation of the amount of indebtedness 1 still remaining, but, as no distinction
is made between landed property and other real estate, we do not learn the
amount of the debt resting on the land. Some idea may be gained in this respect,
however, as the statistics in question make a distinction between country and town.
At the close of the years 1880, 1890, 1900, and 1910—12, it was calculated
that the entire amount of the mortgage-debts on real estate was as follows —
the assessed value being given at the same time:
Year Assessed value kr. Mortages kr. In %
Country districts 1880 . .... 2302306035 795 691445 34-6
1890 . .... 2463186845 977 629 214 397
1900 .... 2862072050 1193 540 696 41-7
1910 .... 4114696050 2 002 260 391 48-7
1911 . .... 4157452960 2 104 793 719 50-6
1912 . .... 4212749795 2 191727 003 52-0
Towns 1880 . .... 732478366 329 893 782 450
1890 .... 1150514 171 641 662 615 55-8
1900 . .... 1639620830 962 240 628 58-7
1 It should be noticed, however, that some of the mortgages are most probably in the
possession of the owners themselves, and thus do not represent indebtedness in the ordinary
sense of the word.
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