Evening star., 1941-08-17

etc, which demand intense group participation
In addition there are t1fty-one Societies of
Collective Agrarian Interests which have charge
of works that are too costly for small groups OF
peasants to assume such as the construction Of
Irrigation works. industrialization and develop
ment of agricultural products, establishment
and administration of machinery centerS, crea-
ton of central warehouses for supplying Con-
sumer Cooperative Stores, etc.
ORGANIZATION OF THE BANK.
To accomplish the vast task which the
it has been necessary to establish local Offices
in those regions where the volume OF activity
demands that constant and direct attention be
given the Societies.
These offices are called Zone Headquarters
and are responsible for the brain work OF the
Bank, not only with regard to authorizing credit
to the Societies but likewise to those aspects Of
technical counsel and to the social work car
ried on among the peasants which is OF the
highest importance.
The Zone Headquarters are under central
Offices of regional character known as Agen-
cies responsible for co-ordinating and direct
ing the work of the Zone Headquarters At the
close of the year 1889, thirty-three such Agencies
existed, their jurisdiction covering almost all
the territory of the Republic and from which
depended 1879 Zone Headquarters. The impor-
tance of these units lies in the volume OF busi-
ness handled, the number Of Societies controlled,
and the type, of regional crop on which the
loans are made
The Home Office located in the capital of
the Republic is the channel through which the
control and regulate throughout the Republic
the functioning OF the entire system OF ejido
credit
The complicated function of the Bank is
reflected in its very structure, adequate to the
ends sought and which in addition to the
regional Offices indicated is composed Of de-
partments for: Credits, organization, techn-
cal advice, commerce, law, finance and ac-
counting.
THE BANKS CAPITAL.
During the year 1889 the Bank administered
It's own capital of 100000 Mexican pesos),
the greater part of which was subscribed by the
Federal Government; in addition it obtained
private credits to the amount Of approximately
51000,000 pesos for use in operations with its
which have increased considerably in recent
years show the great confidence private IN
dividuals have in cooperative agricultural
movements organized by the Bank. Special
mention should be made Of the fact that this
private credit was obtained especially for col
1ective units which due to the strict control of
the harvests and the improved economic pros
poets represent sound investments Although
for the most part these investments have been
applied to short term transactions, preferably
OF commercial nature, 1t Is thought that this
confidence con e9 on the part OF private institutions
to operations on long term for purposes of
production, especially for increasing the area
under cultivation 1t must be pointed out that
satisfy the credit needs of the 17,600 ejidos (co
lective farms existing at the present time in
t. q country and that, in the measure that the
Federal Federal government has increased its con
augment the number of organized Societies 1t
serves ie., 5,159 Societies representing 2e.3% Of
the ejidos now enjoying the benefits OF credit
CREDITS EXECUTED.
Loans executed by the Bank have increased
notably in the course of the years compared
with those granted in the first year following
the founding of the Institution. In 1885, the
Banks loans to it's affiliated Societies amounted
n So2 C90 S1S (MoYiron q rod
to $64, ,121 ,05536 mexican pesos) in 1899. OF
this latter amount 8209To corresponded to crop
advances-ie.,. funds to be spent for expenses
connected with the raising Of a crop or other
seasonal agricultural work. the purchase Of
1eeds, raw materials, slips of rapidly maturing
crops; 1879 corresponded to loans for the
and equipment, shrubs and cuttings of slow ma.
turing crops such as fruit trees, the purchase of
livestock, agricultural machinery, etc.
1t has been the Banks policy to give pref;
erence to these money advances on crops and
agricultural equipment for they meet the prime
needs OF the peasants, such as the raising OF
crop and the adquiSicion of farm animals and
AREAS HARVESTED.
Part of the harvests of the Credit Societies
Is controlled by the Bank, since it constitutes the
Vested and controlled by the Bank was zes, ,757
hectares and the value Of the produce $35, 1885,
$4,000 mexican pesos). In 1899, this area reached
a27,124 hectares, with crop valued at STA 104,-
9tUu NN1cAlCdlt pcSOSJ Lie pIlIlClJdl CIOp6
of this last harvest were: Cotton, wheat, corn
rice and sugar cane. A comparison of these
figures gives an idea of the increase of the
Banks ases THE dHFng tRs
In accordance with one of its aims, the
Bank has been successful in equipping its af-
f1liated Societies with high priced agricultural
and industrial machinery, agricultural tools and
implements, livestock for work and breeding
purposes, etc.
Given the impossible task of enumerating
the complete possessions we give the following
list of work animals and machinery owned by
the Ejido Credit Societies, on December 81, 1882
Cotton gins ----- %
Balers -------------- 181
Sugar cane presses Observation-Disclosures 492
Mills 159
Plants for generating electricity ---->- 8
Tractors ACKNOWLEDGEMENTS 935
Thrashers A
Reapers ------------------ 1o,OSs
Cultivating machines or light plows------ 22,061
Trucks ACKNOWLEDGEMENTS, 465