Economic and financial section > Report on systems of Agricultural credit and insurance

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INTRODUCTORY NOTE
On this report, prepared by M. Tardy at the request of the
Secretary-General, the Financial Committee, which will later
report on certain wider aspects of the question, submitted the
following observations in its report to the Council on the work
of its sixty-seventh session. It is thought that it may be con¬
venient to the reader to reprint these observations.
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EXTRACT FROM THE FINANCIAL COMMITTEE'S REPORT —
DECEMBER 1938
The question of agricultural credits was raised by the Assembly
of 1937, which invited the Financial Organisation to take whatever steps
it might deem appropriate for “the study of agricultural credit and
insurance with a view to the elaboration of principles calculated to
strengthen internal and external credit and suitable for adoption by
countries contemplating a modification of their existing legislation on
these subjects ”.
The discussion in the Second Committee which led to the adoption
of the above resolution was specially concerned with the situation of
the countries of Central and Eastern Europe.
This decision of the Assembly was submitted to the Financial Com¬
mittee for comment and, at its sixty-fifth session, the Financial Com¬
mittee drew up a programme of general considerations to guide the
Economic and Financial Organisation in its preparatory work and
investigation.
Later, the Secretary-General commissioned M. Louis Tardy, Hono¬
rary Director-General of the Caisse nationale de Credit agricole, Paris,
whose eminent services to agriculture are well known, to undertake
a study of the problem of agricultural credit in various countries.
M. Tardy’s report constitutes one facet of the work in connection with
agricultural credit with which the Economic and Financial Organisation
of the League was charged by the Assembly. The Financial Committee
considers that the mandate given to it by the Assembly of 1937 requires
3927 — S. d.N. 2.370 (F.) 1.815 (A.) 12/38. Imp. Atar.