82 DEPARTMENT OF AGRICULTURE

 3 Credit Agricole: French.
 Created by the government in 1899; its organization
 consists of the regional banks and the member
 societies; membership subscribes capital and Bank
 of France furnishes free five times this amount,
 which is lent back to the members on long-time
 land loans.
 4. Direct government loans: Danish.
 Government of Denmark furnishes $9 to every $1 of
 the farmer's; England bought the big estates in
 Ireland in order to sell them back to the small
 holders; New Zealand also.

 III. Personal Credit.
 1. Rural.
 Raiffeisen: German.
 Local, independent, rural, cooperative, credit as-
 sociation; funds for loans come mainly from de-
 posits; the security is mostly character, less often,
 other collateral, loans averages $100, use of same
 must be meritorious; management is gratuitous;
 operates in a restricted area; has marked social
 merits.
 2. Schulze-Delitzsch: German.
 This type of bank is agricultural; has shares the
 same as commercial banks and intended for short-
 time personal credit to farmers.
 3. Credit Agricole: French.
 Short-time loans made on personal credit without
 the amortization feature.

 IV. Metropolitan.
 1. Schulze-Delitzsch: German.
 Same as Raiffeisen except; absolute business man-