The Use Of Loan Credit

credit responsibility. Here, too, the gains accruing to the creditor are no longer, even nominally, counted per cent, per time-unit, but rather in the form of a bonus based mainly on the volume of the tiUTiover, with some variable degree of regard to other circumstances. Answering to the essentially timeless character of the gains accruing to the financial agent, the earnings of the promoter engaged in transactions of this class are also not of the nature of profits per cent, per time-unit, but rather a bonus which commonly falls immediately into the shape of a