[211] Cf. E. W. Kemmerer, Report to the Secretary of War and to the Philippine Commission, on The Agricultural Bank of Egypt. (Manila, P. I.: 1906. Also published by Bureau of Insular Affairs, Washington, D. C.)
[212] Cf. E. W. Kemmerer, An Agricultural Bank for the Philippines, Yale Review, November, 1907, pp. 262-279.
[213] C. R. Fay, Co-operation at Home and Abroad, p. 44. (New York; Macmillan, 1908.)
[214] Fay, Co-operation, etc., p. 44.
[215] An Outline of the European Co-operative Credit Systems, pp. 12 and 13.
[216] Under "other liabilities" are included in addition to other items the funds which the banks have borrowed from banks and individual capitalists.
[217] The capital of the district banks and of the central bank came largely from the local banks.
[218] In 1909 the figures for Germany were: Loans on current account, M 425,995,403 and Loans for fixed periods, M 1,082,446,388. The International Institute of Agriculture, An Outline, etc., p. 14.
[219] Idem.
[220] Ibid., p. 17.