preceding bank in regard to small holdings and dwelling-houses. This bank, too, is administered by the Hypothekbank. Den norske Stats Fiskeribank. Established by Act of August 1, 1919. Its object is to furnish loans to fishermen for the purchase of fishing vessels and tackle, also to grant loans to other undertakings for the promotion of fishing interests. The bank has its own board of three members, two of whom are elected by the Stor- ting and one by royal appointment. Its head offices are at Bergen. Norges Kommunalbank. Established by Act of February 12, 1926, with the object of aiding local government authorities, especially in their work of financial readjustment, and supporting necessary municipal undertakings. The bank has a board of four directors, three of whom are elected by the Storting, whilst the fourth holds office by royal appointment. Its head offices are at Oslo. 122