RETURN OF MORTGAGES.

Taranaki Daily News, Volume L, Issue 60, 20 August 1907, Page 3

RETURN OF MORTGAGES.

THE YKAK'S BIG TOTAL.

SOME HIGH BATES OF INTEREST. A relnni presented to the House hist week shows that during the year ended March, 1000, the number of mortgages registered in the colony was 18,001. representing a total of no less a sum than £13,11(1.000. The amounts for various districts were: Wellington, C4.2S.Vwii: Canterbury. £2,774.004; Auckland. CI.(118.035: o'tagn, £007,500; Ilawke's 1!.. v. €047,717: Taraiuki, C022.2K(i: Sunt bland, £503,274; Poverty liny, .€5(12.085: Xelsnn, £200,054; j Marlborough. £170,68!); West-land £30.400.

Nearly one-half of the total amount vi/. C0.:il;).07» was advanced at 5 p.-r cent. Six per'cent, was charged in respect of €1.082,8*4, and sVi"per cent, was the r.lle au't'eed Upon in regavd to C1.27fi.380. Ten per rent, was charged for €81.277. v.hiie C'Oil was borrowed at 20 per cent., and for one amount of £SO, lent in Taranakl, the interest was as high as 24 per cent. Tn respect It: £13.270, no interest was charged, and other small sums were lent at various low rates of interest. j Of the total amount, £3,(513,087 was advanced in 303 mortgages of sums over £SOOO each. During ihe same period, mortgages In the extent of £8,108,003 were realised.

A statement of business transacted under the Land Transfer Act during (lie! last financial year shows that the appliealions represented £1,200,041, the transfers £13.005.013. and the mortgages £12,708.772. The total fee received during the period amounted to .■€42.081.

The total amount secured by mortgage under the Act of March 31 last was £50,007.070, as against £53,480,008 al the end of the previous year.

THE "HARTNETT" PATENT MILKING MACHINE. Yes, the "Hartuett" milkers have certainly come to stay; there is no room for doubt on that point. They are being installed iu all directions. Every plant erected seems to be the forerunner of fresh orders. Inquiries lead to speedy conviction that the "Hartuett" has no equal as a simple, safe and eftvtuat Milking Machine. Its patented 'improvements are of a very high ordw, and substantial in character. Thoje who have used the machines longest are the loudest and most frequent in their praises. It will be well for all intending buyers to get their orders promptly booked; the new season is at the doors; delay means-trouble and loss when the eows come in if farmers are not ready. For full particulars apply to C. DaM and Co., Ltd., Palmerston I North; or T.iranaki Farmers' Co., Ltd., New Plymouth.