OCR Text |
Show Agricultural Bank In Manila. Manila. Tho Agricultural bank. founded by tho government, has be-cun be-cun operations. Socrotnry of Flnnnca (I. It. Arnncta Is president ot the hank nnd Insular Treasurer F. A. Dranngan Is Its manager, neat os- tuto and harvested crops aro tho only collaterals which will bo accoptcd by tiro bank, nnd tutcrost will bo paid at tho rato of 10 per cent. Tho first loan was mado to an American farmer. It is bollovcd that tho bank will bo nn Important factor In tho icstorntlon nnd promotion ot tho agrl-cultural agrl-cultural Industry. |