2018, ISBN: 0266409652

[EAN: 9780266409656], Neubuch, [PU: Forgotten Books, United Kingdom], Language: English. Brand new Book. Excerpt from Report on the Agricultural Bank of Egypt: To the Secretary of War and… Altro …

[EAN: 9780266409656], Neubuch, [PU: Forgotten Books, United Kingdom], Language: English. Brand new Book. Excerpt from Report on the Agricultural Bank of Egypt: To the Secretary of War and to the Philippine Commission The Earl of Cromer, in his report for the year cites the follow ing instances as illustrative of the relations which generally existed between the money lenders and the ignorant cultivators: A small cultivator in Upper Egypt borrowed £10 from an European money lender. In order to obtain the money he was obliged to Sign a bond for £15. He states that for three years he paid £5 at the end of each year. At the end of the third year he was asked to repay the capital sum of £15. This he first refused to do, alleging that account should be taken of the payments already made. As no written documents other than the original bond for £15 had passed, the annual payments could not be proved. The creditor then threatened legal proceedings. These would have been instituted at Cairo, some 400 miles distant from the residence of both the creditor and the debtor. Rather than go to the expense of a lawsuit, the debtor sold his house to the creditor for £61, the price being fixed by the latter, who then deducted £15 on account of the original debt, and £14 for the expenses of sale and transfer. The balance, namely, £32, was then handed over to the debtor. It will be seen, therefore, that besides being obliged to sell his house for a sum which was probably below its market value, the debtor paid no less than £34 in the shape of interest and legal expenses in return for a loan of £10 for a little more than three years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at 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. ***** Print on Demand *****., Books<

2017, ISBN: 9780266409656

Hardcover, Buch, [PU: Forgotten Books]