STATE ADVANCES
$ pAST YEAR'S OPERATIONS. The total amount of the State advances to settlers current at She end of March last was ,£7,390,141. Of this sum. .£1.824,373 had been lent on rural land and £2,565,767 on urban and suburban land. The loans mnde to settlers by the State Advances Office durin;; the" last financial year were classified ?s follow:— A Amount of Advances Provincial Number of authorised District. Applications £ Auckland ......... 383 123,599 Taranaki 2S 11,015 Ilawke's Bay ... 33 ' Wellington ....... 261 101,455 Marlborough ... 12 5,710 ' Nelson 19 4,420 15 5,400 Canterbury 11l 36,705 Otago 29 8,555 Southland 13 4,125 Totals 901 ,£514,835 During (he last financial year the State Advances Office authorised 372 advances to workers, the total amount beine £119,555. r !! The total of advances to workers now current and the tenure of the securities are as follow:— ■ ' ' Amount. Nnmber. £ s. d. On freeholds 9,093 2,474,766 8 3 On leaseholds .... 582 501,812 3 9 Totals 9,675 .£2,576,578 12 0 \ Seven freehold properties and one leasehold security were realised by the Department during the year. Losses debited and unpaid instalments written oif amounted on March 31 to
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Dominion, Volume 12, Issue 288, 1 September 1919, Page 6
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186STATE ADVANCES Dominion, Volume 12, Issue 288, 1 September 1919, Page 6
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