Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Financial institutions

Collection:: Economics Books

provement of rural housing. The fund issues bonds, called Agri- cultural Bonds, each series of which must be closed within eight vears from the date of issue. The means at the disposal of the Agricultural Fund are the money realized by the sale of national estates since 1883. Other moneys accruing to the fund are: 1) the rents payable by tenants of national estates; moneys realized by future sales of national estates; and the interest on the fund’s own capital; 2) the reserve fund of the first series of the Landsbanki Hypothec-Mortgage De- partment bonds, after all claims on this series have been cleared off; 3) 1250000 krénur grant from the treasury once for all. Lénadeild smébpla vid kaupstadi og kauptin (Loan Office for Small Holders in the Compass of Towns and Villages). This department en- joys an annual treasury grant of 50 000 krénur for 6 years. The government is, moreover, authorized to negotiate a loan of up to 2 million krénur for the fund, from which loans are advanced to small holders in the compass of towns and villages. Byggingar- og landnémssjédur (The Building and Colonization Fund) was established by law of 1928. The object for which this department was formed was to increase the number of farms in the land and maintain those already existing. This aim is 40 be reached: I. By granting loans (a) to rebuild dwelling houses on rural farms; (b) to establish new farms on lands which are either private property or owned by (civil) parishes or municipalities; (c) to villages and municipalities that are conterminous with (civil) parishes, for the erection of necessary buildings to run dairies on the cultivated lands belonging to the villages or parishes. By applying money according to the direction of the govern- ment, to establish new farms on lands owned bv the State or bought by it for that purpose. This department enjoys a yearly grant of 200000 krénur from the State, which is also authorized to take up a loan not exceeding 5 million krénur for the department. The board of directors of BiinaBarbanki consists of three members, viz. a manager and two controlling directors, all appointed by the minister in charge of agricultural affairs, who also has the supervision of the bank. nN

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