STATE ADVANCES
THE EFFECT OF WAR A MARKED CURTAILMENT The curtailment of the operations of the State Advances Department is revealed in the official figure. Since the end of 1916 the advances to settlors nave been less in. amount than tile _ repayments, and there has been a similar,position in the advances to workers' branch Bince the end of 1917. , . The position for the war period is shown in the following figures: Amount Amount Advanced. Repaid. Advances to Settlers. £ 1914 978,395 710,590 1015 1,136,475 754,810 1910 814,555 713,177 1917 589,875 643,751 1918 367,160 501,009 9 months, 1918-19 258,869 370,646 Advances to Workers, inu 272,860 80,933 1915 313,025 110,110 iqig 275,680 115,535 imy "" " 214,985 .127,450 1918 125,855 139,485 9 months, 1918-19 64,915 100,031 The Department's year of greatest activity was 1912, when a total sum of ,02,235,495 was advanced to settlers and .€543,840 to workers. Tho repayments in that year were «fil,dlS,2S6 in tho case of settlers and .678,853 in the case of workers.
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Dominion, Volume 12, Issue 279, 21 August 1919, Page 4
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162STATE ADVANCES Dominion, Volume 12, Issue 279, 21 August 1919, Page 4
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