ANVANCES TO SETTLERS'

Manawatu Herald, Volume XLI, Issue 2023, 2 September 1919, Page 3

ANVANCES TO SETTLERS'

LAST YEAR’S TOTAL. • The animal report of the State_ Advances Office shows that advances to settlers authorised during-last financial year were as follow:

The total advances to settlers now current are 19,811, for £7,390,141. The number and amounts of current advances on rural and urban and suburban land are as follow;

The amounts of the advances actually paid over to settlers during the year were 799, for £299,355. The gross profits for, the year were £67,047, and the cost of management and expenses of the branch £9,725,' or 2s Id per £IOO of the capital employed. The net profits -amounted’ to £55,765,. The sinking fund amounts to £844,868. The advances to workers numbered .372,. to the. total amount of £119,555. The total advances to

workers now current are 9,675, amounting to £2,576,578; The gross profits of the year were £13,387, and the cost of management and expenses of the branch £2,967, or 2s 5d per £IOO of the capital employed. Of the not profits, £B,OOO has been applied to writing down loan charges.

Number, Amount. £ Auckland, , 383 123,590 Taranaki .. 28 11,915 Hfuvkes Bnv 33 12,960 Wellington 201 101,455 Marlborough .... 12 '5,710 Nelson ..... 19 4,420 Westland .. 15 5,400 Canterbury Ill 30,705 Otago ... ■ 29 8,555 Southland . 13 4,125 — — Totals ..... 904 314,835

Number. Amount'. ■ £ On rural land.. 12,500 4,824,373 On urban and . suburban land 7,305 2,505,707