An Agricultural Bank for the Philippines PDF Download

Author: Edwin Walter Kemmerer
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 279

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Author: Philippines. Bureau of the treasury. Division of the currency
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 172

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Author: HardPress
Publisher: Hardpress Publishing
ISBN: 9781313162166
Category :
Languages : en
Pages : 30

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Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Author: Edwin Walter Kemmerer
Publisher: Forgotten Books
ISBN: 9780366822126
Category : Reference
Languages : en
Pages : 28

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Excerpt from An Agricultural Bank for the Philippines: A Paper The large European commercial houses, particularly in the sugar-producing provinces, sometimes make advances to agri culturists on the security of their crops. These advances, how ever, are generally confined to the owners of a few large estates, although they in turn may reloan part of the money to their tenants. The loaning of money is foreign to the regular busi ness of these commercial houses, and most of them are unwilling to tie up any considerable amount of capital in such ventures. In many parts of the Philippines money cannot be borrowed at any rate of interest on the security of agricultural land, no matter how good the land or how perfect the title. In the few sections where agricultural loans' are obtainable, they are made largely by Chinamen in small amounts, and at exorbitant rates of interest. Inquiries made in May, 1903, of provincial treas urers throughout the islands elicited the surprising information that rates of interest on agricultural loans as high as 3, 5, and even 10 per cent. A month were common.2 For example, the treasurer of Cagayan reports that interest in that province varies from 25 to 50 per cent. In Ilocos Sur the rate is said to vary from I0 to 100 per cent. In Ilocos Norte, from 20 to 100 per cent.5 It is a common practice for the creditor to obtain the privilege of purchasing the borrower's crops at extremely low prices fixed in advance, so that the nominal rate of interest often falls below the rate really exacted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author: United States. Congress. House
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 3

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Author: United States. Congress. House
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 19

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Author: United States. Philippine Commission, 1900
Publisher:
ISBN:
Category :
Languages : en
Pages : 172

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Author: Edwin Walter Kemmerer
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 80

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Author:
Publisher:
ISBN: 9781332521197
Category : Business & Economics
Languages : en
Pages : 164

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Excerpt from Report of the Chief of the Division of the Currency to the Treasurer of the Philippine Islands: Concerning the Advisability of Establishing a Government Agricultural Bank in the Philippines Sir: Pursuant to instructions given the chief of the division of the currency in June, 1904, by the treasurer of the Philippine Islands, under authority of a resolution of the commission passed April 13, 1903, instructing the insular treasurer to present to the commission a plan for the establishment and maintenance of an agricultural bank in the Philippines with government funds, I have the honor to make the following report: The Need Of An Agricultural Bank In The Philippines. The need of some institution in the Philippines which will make advances to farmers upon the security of their lands or crops has been a long felt one. The establishment of such an institution was frequently urged in Spanish times, and it is said that several serious efforts were made in that direction, efforts, however, which proved futile principally on account of the confused condition of land titles in the islands. The code of commerce contains liberal provisions for the establishment of agricultural banks on the debenture plan. The charter of the Banco Espanol-Filipino authorizes that bank to make loans on real estate, under certain restrictions, to half the value of the property mortgaged. The report of the Schurman Commission declared that "the lack of proper capital and the high price asked for loans constitute another obstacle, which stupefies industry, augments the cost of production, and restrains, in consequence, its benefits." The civil commission, in its second annual report, discussed the subject at length, and recommended Congressional action to encourage the creation of mortgage banks by private enterprise. The desirability of some government action with this object in view has been frequently urged by provincial governors, provincial treasurers, and others having an intelligent interest in Philippine affairs. Inquiries made sometime ago of the various provincial treasurers with reference to the need of ah agricultural bank in their respective provinces elicited in nearly every case the reply that the need was a most urgent one. Out of 28 replies received to the inquiries made, 24 were favorable to such a project. Although these letters were written nearly two years ago, there is little reason to believe that the conditions therein described have very materially changed in the interim. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author: United States. Congress. House. Committee on Insular Affairs
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 7

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