Full resolution (JPEG) - On this page / på denna sida - IV. Methods and Conditions of Agriculture
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ways. The institution, it is suggested, will require a
capital of 300,000 marks, which may later be
increased to one million; the shares being at first all
taken up by the existing co-operative associations.
It will lend them money on mortgage and personal
security, discount their bills and receive their money
on current account, or on deposit, on the same terms
as the savings banks. These measures are considered
necessary in order to assist the small farmers, who
find the ordinary banks difficult of access.
We must admit that for our own part we have
more confidence in the development of the ordinary
credit institutions, the banks with their numerous
branches, the savings banks and mortgage associations,
which would become still more useful to the small
landed proprietor if they would continue to decrease
their limit of values on which money is lent, a limit
only recently lowered from 8000 to 6000 marks.
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