This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...1911, the fund charged a premium of 1 per cent for bonds executed, and on January 1, 1912, the rate was reduced to three-fourths of 1 per cent. A further reduction was made on July 1, 1912, and the rate in effect during the fiscal half-year under consideration has been one-half of 1 per cent. The total amount of bonds in effect on December 31, 1913, was Y=8,910,650, and the cost of administration during the half year was less than 12,350. This cost, as in previous years, has been borne by the appropriation for the treasury bureau. BANKS AND BANKING. Agricultural Bank.--The amount loaned by the bank during the fiscal period under consideration was greater than that loaned during the entire preceding fiscal year, the figures being 11,147,920 and 11,028,650, respectively. The number of applications was 172, and the number of loans made was 147. Eleven loans, amounting to 127,600, were repaid, making the number of loans entirely repaid and partial payments of interest amount to 49 and Y=165,203. No foreclosure proceedings were instituted during this period. At the close of the six months under consideration there were outstanding loans amounting to 12,742,970. The profit and loss account on December 31, 1913, showed the net profits to be 1102,940.48, as compared with 195,410.45 for the entire previous fiscal year, making the total surplus of net profits at the close of the fiscal period 1314,254.16. The expenses of the bank for the six months ending December 31, 1913, were 110,569.18, being slightly in excess of those for the same period of the preceding year. The increased expenses are fully explained by the bank's increased business during the six months under consideration. Private banks.--During the fiscal half year the...
Product Identifiers
Publisher
General Books LLC
ISBN-10
1153562294
ISBN-13
9781153562294
eBay Product ID (ePID)
126033394
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Book Title
REPORT of the Philippine Commission to the Secretary of War 1900-1915