ADVANCES TO SETTLERS.
The twelfth annual report of the Government Advances to Settlers' Office states that the number of applications for loans received during the last twelve months is the largest since the year ended 31st March., 1807 (which was practically the first full year's operations), whilst the aggregate amount applied for by applicants— almost ".a million—constitutes « record for the Department since its inception in 1894. The figures are: Applications, 2288; amount applied for, ,£940,432. The General Board of the office had, up to the 31st March, 1906, lauthorisec' 17,403 advances amounting to, £s,829,250. Applicants to the number of 200.4 declined the grants offered them, amounting to ,£006,660, so that the net advances authorised to the 31st March, 1906, numbered 15,309, and amountd to The securities for the net.authorised advances were valued at ,£10,817,184. and those now held by the Department are in most cases enhanced by the expenditure of the money borrowed on additional iriipruvem'ents, and at thy same time the liability is being reduced by the instalment repayments of the principal .
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Taranaki Daily News, Volume XLVII, Issue 81832, 27 August 1906, Page 2
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173ADVANCES TO SETTLERS. Taranaki Daily News, Volume XLVII, Issue 81832, 27 August 1906, Page 2
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