"THE GOVERNMENT ADVANCES TO SETTLERS ACT, 1894 " (REPORT RELATING TO THE ADMINISTRAT ON OF).

Appendix to the Journals of the House of Representatives, 1896 Session I, B-13a

8.—13 a

1896. NEW ZEALAND.

"THE GOVERNMENT ADVANCES TO SETTLERS ACT, 1894 " (REPORT RELATING TO THE ADMINISTRAT ON OF).

Presented to both Houses of the General Assembly by Command of His Excellency.

Mr. J. K. Warburton, the Superintendent, to the Hon. the Colonial Treasurer. Government Advances to Settlers Office, Sir,— Wellington, 15th June, 1896. In my first report, that of the 6th of July, 1895, on the administration of the Government Advances to Settlers Act, I stated what had been done during the first seven months after it came into operation. I then fully explained the purpose of the Act, the arrangements for the conduct of the business, and what the progress had been. There is very little to add, beyond the information which may be gathered from the returns which are appended. These returns are : — (1.) The advances authorised to be granted, the applications refused, the advances sanctioned to but declined by applicants, and the amount of valuation-fees received from unsuccessful applicants up to the 31st March, 1896, classified according to the electoral districts in which the relative securities are situated. (2.) The valuers employed, number of valuations ordered, the fees paid by applicants, and the fees allowed to the valuers. (3.) The applications received for loans. (4.) The applications on which no advances were authorised, classified according to provincial districts. (5.) The advances offered of less than the amount required, and declined by applicants, classified according to provincial districts. (6.) The applications classified according to the purposes for which the relative advances required, and according to provincial districts. (7.) The advances authorised, according to provincial districts. (8.) The applications upon which the amounts granted were less than the amounts required, classified according to provincial districts. (9.) The value of the lands, buildings, and other improvements comprising the securities for advances authorised, classified according to provincial districts. The principle of the Act, that the value of the property which may be offered as the security for a loan, and the risk of any loss from granting an advance, must determine the result of the consideration of every application, continues of course to be the strict rule of the administration ; and if the disappointed applicants are less numerous, or less clamorous now than formerly, the reason probably is that the principle of the Act and its provisions are better understood by the settlers. It is now, however, the rule of the Board to resolve that the value of the security offered for an advance should be communicated to the applicant when the required advance cannot be wholly granted, or to state any other reasons which can be disclosed for declining to sanction an advance of the amount of an application. Through the agency, not only of postmasters and officers of other departments of the Public Service, but of the valuers employed by the office, a wide distribution has been effected of pamphlets and circulars explaining the provisions of the Act, and instructions have been given orally to those who desired to be shown how to proceed in applying for a loan; and the applications have since I—B. 13a.

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2

been coming in very fast. During each of the last four months the applications received and the advances authorised to be granted were as follows: —

No one, however, has been pressed or solicited to borrow. There has been no canvassingCare has been taken to make clear in all the directions which have been issued from the Advances to Settlers Office, that the purpose of the Act is not to encourage mere borrowing or to tempt any one into debt, but to enable the settlers of the colony who cannot help borrowing—to whom capital may be necessary for their work of successfully establishing themselves in permanent and profitable occupation of their lands—to borrow at the lowest rate of interest and under the most liberal conditions of repayment. Twelve advances have already been entirely repaid and the relative mortgages discharged, amounting to £2,500. From the table showing the purposes of the advances it will be observed that, of the whole amount of the loans for which application has been made—namely, £1,256,583 —no less a sum than £486,665, or 67 per cent., was required to release old mortgages, and that £199,498 was required for improving the securities. The expenditure on account of management for the year ended the 31st March, 1896, excluding the valuation, for which the fees are received from the valuers, and the interest on the loan, amounted to £5,936 3s. 2d., as follows :— £ s. a. Salaries ... ... ... ... ... ... ... 3,738 0 10 Printing, stationery, and office requisites ... ... ... 351 2 10 Advertising ... ... ... ... ... ... 190 7 7 Law costs . . ... ... ... ... ... 14 14 0 Travelling-expenses ... ... ... ... ... 375 1 11 . Furnishing ... ... ... ... ... ... 100 15 0 Rent, fire, and light ... ... ... ... ... 328 11 2 Contribution to Public Trust Office ... ... ... ... 200 0 0 Audit Department ... ... ... ... ... 25 0 0 Unauthorised expenditure ... ... ... ... ... 5 16 6 Interest upon advances from Treasury ... ... ... 429 12 2 Sundries ... ... ... ... ... ... ... 177 1 2 £5,936 3 2 The following is a statement of the Profit and Loss Account up to the 31st March, 1896 : — Receipts (Revenue). £ s. d. I Payments (Expenditure). £ s. d. To Balance, 31st March, 1895 .. .. 528 19 4\ By Valuers' fees .. .. .. 3,209 111 Valuation fees .. .. .. 2,007 14 9 Valuation fees refunded .. .. 249 711 Charges received for mortgage docket Expenditure on account of management, forms .. .. ■ • • • 85 5 0 as already stated in detail .. .. 5,936 3 2 Release fees .. .. .. 2 5 0 Interest on loan, £1,500,000, to Ist OeSundries .. .. .. • • 0 10 tober, 1895 .. .. .. 22,500 0 0 Interest received from mortgagors .. 5,566 10 3 Refunds to Treasury of advances .. 10,769 16 0 Interest received from Bank of New Balance due Consolidated Fund .. 20,500 0 0 Zealand, Wellington .. .. 3,127 19 2 Accrued interest on debenture loan .. 22,376 14 3 Interest received from Bank of New Accrued interest on instalments .. 015 2 Zealand, London .. .. .. 2,902 19 10 [ Interest on debentures (temporary investments) .. .. • • 552 6 6 Interest received from Public Trust Office Debenture Sinking fund .. 20 17 3 Amount paid by Treasury as profit derived from deposit of money in London .. .. •• •■ 2,000 0 0 Advances from the Treasury .. .. 31,269 16 0 Accrued interest on mortgages .. 4,734 17 4 Accrued interest on temporary investments ........ 653 14 0 Overdue interest on mortgages .. 439 12 6 Approximate interest on London Bank balances .. .. .. .. 490 0 0 Balance, being the excess of all expenditure or expenses of management over income, up to the 31st March, 1896.. 31,159 0 6 Total £85,541 18 5 £85,541 18 ~5

Applications received. Applications granted. For the Month of Number. For advances amounting to Number. For advances amounting to February, 1896 March, 1896... April, 1896 ... May, 1896 ... For 13 days in June, 1896 150 181 266 315 128 £ 48,598 70,725 108,564 113,744 46,131 128 192 204 301 122 £ 40,555 62,285 61,185 111,550 38,415

EEEATA.

1. Paragraph 3 on page 2 to read as follows :— From the table showing the purposes of the advances it will be observed that, of the whole amount of the loans for which application has been made—namely, £1,256,583—no less a sum than £486,665 was required solely to release old mortgages, and that £199.498 was required for improving the securities. Upwards of 67 per cent, of the amount of the advances granted was required for old mortgages.

2. In the third item of the statement of approximate income on page 3 — For 11 per cent, read 2 per cent.

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Of the sum of £439 12s. 6d., which appears in the foregoing account as overdue interest on mortgages, an amount of no more than £70 15s. is outstanding now. An amount of interest will always appear as overdue at the close of the period for which the accounts may be rendered, even if the borrowers should all pay such interest at the due date ; for the amount of the payment is, as a general rule, lodged at a post-office, and does not, in every case, reach the Accountant in Wellington in time to be entered as paid at the due date. The Amendment Act of last session, besides widening the definition of securities for the purpose of advances, so as to include suburban lands occupied for farming, dairying, or market-gardening purposes, perpetual leases, and leases in perpetuity of educational and other reserves subject to "The Land Act, 1892," Crown land held by license under the deferred payment system, and land held under lease from a leasing authority as defined by " The Public Bodies' Powers Act, 1887," authorised the application of the amount of a loan from the Advances to Settlers Office on the security of a village homestead lease to the repayment of any advance which the Land Board may have made on the lease. Thus, by the process of an advance from this office may be cleared off a debt which was formerly a perpetual charge on the land. The Amendment Act also authorised the temporary application to the purchase of such securities as the Governor in Council should sanction of so much of the balance in the Investment Account as may not be immediately required for investment on mortgage. The advances have not been made on the large scale on which it was reasonable to form an estimate when the rates were high of ihe interest required for private loans. The settlers of the colony who can offer the required security can now obtain their necessary advances of capital from other sources than the Advances to Settlers Office. They can obtain from private capitalists the relief for which it may have been. thought that a direct application under the Act would be necessary; and there are many cases of a successful applicant to this office for an advance withdrawing the application, in consequence of an existing mortgagee consenting to rather reduce the rate of interest than lose the investment. This is a development which, if insisted upon as being more favourable to the interests of the settlers in want of capital than there was hope to expect from the Act, will yet be acknowledged to be a development of the same benefit which in a lesser degree was to flow from the measure. Ie may with some reason be urged that the expectations of the Act are more than realised, if these expectations are allowed to have been that the only source of capital to the settlers at a low rate of interest would be the Advances to Settlers Office. It is, in any case, obviously more gratifying to the borrowers that the rates of interest on advances from all sources of capital should be low, and that relief to the settlers from high rates of interest and high charges should be offered on every hand, than that there should, as the consequence of a less beneficial result, be a large demand upon and a rapid exhaustion of the funds of the Advances to Settlers Office; though, from a narrower point of view, the direct success of the Advances to Settlers Office, as indicated by its balance-sheet, might be regarded as not consisting with that greater development of benefit to the colony which should prevent the rapid issue of the fund. At the present date, 15th June, 1896, the amount temporarily invested is £606,344; while the amount which has been authorised to be advanced, and which applicants have agreed to accept, is £735,967. The annual income and expenditure, on the basis of advances made to that amount, and the funds temporarily invested as at present, may be stated approximately as follows : — Income. £ The advances authorised and accepted amount to £735,967, on which the annual income at 5 per cent, is ... ... ... ... 36,798 The temporary investment of £606,344 in Government securities, of the balance uninvested in advances, is yielding an annual income at the rate of 3-42 per cent. ... ... ... ... ... 20,747 The balance on current account with bank of £51,805 may be estimated to produce 1£ per cent., or an annual income 0f... .. ... 1,036 Estimated rate of total annual income on 15th June, 1896, from £1,394,116 ... '... ... ... ...£58,581 Expenditure. Annual charge for interest at 3 per cent, per annum on £1,500,000 ... 45,000 Salaries for the year ... ... ... ... ... ... 3,700 Other expenses, including interest on advances from Treasury ... 2,800 Mortgage tax, estimated... ... ... ... .. ... 1,800 Estimated rate of total annual expenditure on 15th June, 1896 53,300 Balance of income over expenditure ... ... ... ... 5,281 £58,581 A similar amount on the basis of the amount actually issued and paid to the applicants, £587,815, will also leave a balance of income over expenditure. It will be seen, therefore, that the time has arrived when the income is sufficient to meet the expenses of management, and begins to yield a surplus, such as should soon repay the amount by which, during the earlier stage—the stage of institution—the expenditure naturally exceeded the income. I have, &c, The Hon. the Colonial Treasurer. J. K. Waebueton, Superintendent,

B— 13a.

Return showing for each Electoral District of the Colony the Advances authorised to be granted, the Applications on which the Board declined to authorise Advances, the Advances authorised to be granted to, but declined by, Applicants, and the Amount of Valuation-fees received from the Unsuccessful Applicants up to the 31st March, 1896.

4

Electoral District. No. Amount granted. No. Amount declined. No. Amount granted to, but declined by, Applicants. Valuation-fees paid by Unsuccessful Applicants. Ashburton Ashley ... Auckland 12 101 £ 4,115 15,310 6 30 1 £ 1,525 6,650 100 6 16 £ 2,875 5,205 £ a. d. 15 4 6 46 14 6 0 10 6 Avon Awarua ... Bay of Islands Bay of Plenty Bruce Buller ... Christchurch Clutha ... Dunedin Eden 1 88 37 37 12 19 200 34,405 7,485 8,050 4,410 4,170 13 40 11 1 20 5,686 7,680 4,120 500 5,125 10 4 6 5 3 5,070 575 1,875 2,950 900 39 7 6 36 4 6 24 3 0 9 14 6 27 6 0 63 22,870 "30 9', 310 12 5,745 52*10 0 Egmont... Ellesmere Franklin 5 191 15 70 8 37 11 1 5 1 46 197 118 4 57 2 58 57 34 50 51 115 1 6 10 3 1 40 45 56 18 16 55 36 140 27 20 31 18 102 38 2 24 4 2,560 55,960 5,295 18,995 3,000 11,245 3,790 100 3,410 400 10,440 58,220 46,060 2,100 15,160 1,450 20,595 20,255 14,520 25,945 9,085 63,610 900 4,370 6,140 525 100 11,735 20,565 13,055 4,912 7,170 16,245 10,010 35,955 10,075 11,770 9,690 6,110 33,750 17,330 1,625 6,165 1,020 11 21 1 16 8 8 11 3,265 9,365 60 4,148 3,450 1,980 6,160 2 33 4 17 1 7 1 810 13,070 3,145 5,670 800 1,875 100 14 3 6 73 10 0 8 8 0 45 3 0 13 2 6 18 18 6 16 16 0 Grey Hawke's Bay Inangahua Invercargill Kaiapoi ... Lyttelton Marsden Masterton Mataura Nelson ... New Plymouth ... Oamaru... Otaki ... Palmerston 4 30 45 25 1 15 2','830 10,515 13,795 11,525 1,200 4,540 3 1 7 27 26 2 10 1 11 17 9 13 9 30 1 3 2 720 400 2,225 8,955 12,450 2,500 3,510 1,400 4,700 8,200 7,315 6,600 5,795 15,480 900 3,200 1,800 10 10 0 1 11 6 44 2 0 78 15 0 74 0 6 6 6 0 33 12 0 2 2 0 27 16 6 34 13 0 35 3 6 35 3 6 30 9 0 66 13 6 2 2 0 9 9 0 20 9 6 1 1 0 2 2 0 48 6 0 47 5 0 45 5 0 11 11 0 11 11 0 34 2 6 34 2 6 48 16 6 21 10 6 11 11 0 34 13 0 43 1 0 34 13 0 16 5 6 5 15 6 38 6 6 3 13 6 Pareora ... Patea Eangitata Eangitikei Eiccarton Selwyn ... Taieri ... Thames ... Timaru ... Tuapeka Waiapu ... Waihemo Waikato Waikouaiti Waimea-Sounds ... Waipa ... Waipawa Wairarapa Wairau ... Waitemata Wakatipu Wallace... Wanganui Wellington Suburbs Waitaki... Westland 7 5 15 10 20 15 3,775 3,085 7,065 5,219 4,282 7,595 1 13 2 2 29 19 42 8 3 18 25 20 14 4 26 24 21 5 2 27 5 2,700 4,735 140 325 9,385 10,210 9,250 3,410 2,210 9,065 8,010 7,068 9,540 4,750 9,720 8,965 4,679 975 1,200 4,335 600 11 10 3 1 4 8 4 17 4 1 4 8 8 5 1 8 1 3,145 8,800 425 500 2,750 3,375 1,280 6,045 1,350 1,500 1,050 2,890 2,540 4,650 1,200 4,540 75 Totals ... 2,196 722,427 730 255,822 397 182,930 1,448 7 0

8.—13 a.

Valuers employed, Number of Valuations ordered, Fees paid by Applicants, and Fees allowed to Valuers to 31st March, 1896.

5

Number of Applications. Name and Address of Valuer. Amount received from Applicants. Amount allowed to Valuers. 36 35 16 14 22 12 103 10 52 82 194 1 4 19 1 44 1 41 9 3 11 1 38 15 7 10 1 68 1 107 43 94 27 9 24 1 2 131 1 4 68 8 2 6 3 35 1 22 3 65 73 2 9 12 23 9 26 53 1 12 6 20 2 40 1 28 Anderson, J. A., Waiwera South ... Andrews, A. S., Kohukohu Ariell, W. W., Paparoa ... Barns, A., Wanganui Baxter, E. G., Waimate ... Bedford, G., Courtenay ... Bell, John, Wellington ... Bolt, W. J., Purakanui ... Bollard, J., Auckland Brown, J. A., Christchurch Brown, John, Invercargill Calder, A., Lovell's Flat... Chennells, W. B., Masterton Craig, William, Palmerston South Chrisp, T., Gisborne Davison, J., Ashburton ... Deck, S. J., Half-moon Bay, Stewart Island Dick, D., Ashley Bank ... Dumergue, E. P., Opotiki East, F. W., Prebbleton ... Edwards, E., Paeroa, Thames Ellis, N., Christchurch ... Erskine, W. T., Haveloek Fache, G., Clyde Fisk, Captain H., Picton Fitzgerald, H., Cambridge Fletcher, J. E., Motupipi Gibson, J. J., Lawrence ... Gibb, E., Waikukupa Goodbehere, E., Feilding Grant, G., Gisborne Green, T., Gore Grigor, E., Balclutha Hallett, W., Wairoa, Hawke's Bay Harris, W. J., Mongonui... Haussmann, G., Hokitika Heckler, J. F., Mangamahoe Heslop, J., Normamby ... Heslop, J. G., Eeefton Hill, S., New Plymouth ... Hjorring, N. P., Naseby ... Hollis, E. W., Thames ... Horner, E. C, Patea Irvine, J., Herbertville ... Jeffries, J., Picton Jones, W., Hamilton Lang, J. S., Kokatahi Lambert, M. G., Mangawhare Lascelles, H. E., Napier... Littlewort, T., Wyndham Lowry, John, Eazorback Macintosh, H., Oamaru ... Marchant, F. W., Timaru Mason, H. F., Waverley ... Mellsop, J. T., Waiuku ... Mills, A., bpring Grove ... Moor, George, Warkworth Moore, A. H., Opunake ... Murray, W. G., Hokitika McCartney, J., Portobello McHardie, C, Ohakune ... McKerrow, A., Hampden McKinnon, J., Whangarei McLay, M., Kelso Newman, C, Helensville Nosworthy, E. D., Blenheim £ a. d. 50 18 6 39 17 6 14 14 0 24 3 0 22 10 6 20 9 6 143 15 6 14 3 6 62 9 6 63 8 6 255 11 6 110 7 6 6 19 19 0 2 2 0 40 19 0 0 10 6 48 13 7 10 10 0 5 15 6 12 5 6 2 2 0 35 13 6 23 12 6 6 16 6 13 2 6 0 10 6 90 14 0 110 161 0 6 68 13 6 132 17 0 34 1 9 9 9 0 20 9 0 110 1 11 6 184 6 0 1 11 6 5 15 6 69 6 6 8 8 0 2 2 0 7 7 0 5 5 0 39 7 6 1 11 6 25 15 0 5 6 0 78 3 0 88 3 0 1 11 6 13 13 0 18 17 0 25 4 0 12 12 0 28 7 0 54 12 0 110 14 14 0 4 4 0 29 7 0 3 3 0 44 12 0 0 10 0 40 8 6 £ s. d. 48 16 6 45 3 0 19 8 6 22 14 6 22 8 0 17 6 6 136 5 6 12 12 0 64 1 0 92 15 0 222 1 6 110 5 5 0 23 2 0 1 11 6 51 9 0 1 11 6 46 11 0 10 10 0 4 4 0 12 12 0 1 11 6 43 1 0 23 12 6 12 9 6 12 12 0 110 108 2 6 1 11 6 123 18 0 88 11 6 110 15 6 31 10 0 13 9 6 28 7 0 110 2 12 6 186 8 0 1 11 6 5 15 6 75 19 0 12 12 0 2 12 6 8 8 0 5 5 0 45 3 0 1 11 6 27 6 0 4 4 0 75 8 6 80 17 0 2 15 6 17 17 0 18 7 6 27 16 6 13 13 0 33 1 6 57 8 6 110 13 13 0 10 10 0 26 15 6 2 2 0 48 16 6 0 10 6 34 9 6

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Valuers, &c .— continued.

Number of valuers employed, 98; average fee paid to valuers, £1 4s. Bd.

Applications for Loans received to 31st March, 1896.

The applications were 2,043 for advances of £1,003,096 on freeholds, 1,173 for advances of £219,077 on leaseholds, and 60 for advances of £34,410 on freeholds combined with leaseholds.

6

Number of Applications. Name and Address of Valuer. Amount received from Applicants. Amount allowed to Valuers. 98 3 1 5 12 15 10 6 11 57 9 34 168 42 79 23 5 59 5 87 107 1 8 20 129 4 24 41 14 5 13 29 29 O'Callaghan, A. P., Timaru O'Meara, M., Queenstown O'Eeilly, Constable, Opotiki Oxley, L., Eakaia Parsons, J. A., Wanganui Phillips, C, Featherston Phillips, M., Greymouth Quealey, T., Birdling's Flat Eobinson, S. G., Takaka Eose, W., Danevirke Eout, W., and Sons, Nelson Sattrup, M., Makaretu ... Sedcole, A. W., Pahiatua Shaw, W. J., New Plymouth Simpson, A., Marton Sisam, W., Swanson Slee, F., Westport Smith, H, Ormondville ... Snodgrass, J., Westport ... Sproull, C. C, Invercargill Stevens, E., Inglewood ... Stewart, E., Middlemarch Supervising Valuers Townsend, M., Greymouth Von Eeden, F., Eketahuna Wallace, G., Southbrook... Wallis, W. H., Okete ... Wilson, A., Whangarei ... Wilson, J. J. and T., Whangarei ... Williams, J. E., Napier ... Wolters, H. H., Carterton Wright, C, Westport Wrigley, F., Tauranga ... £ s. d. 99 0 0 2 12 6 0 10 6 7 7 0 12 1 6 19 8 6 9 19 6 5 19 0 10 10 0 71 8 0 15 14 6 36 15 0 188 4 6 54 11 6 116 19 6 27 16 6 6 6 0 63 10 6 3 13 6 120 15 0 127 11 6 0 10 6 "9 9 6 26 4 0 153 5 6 5 5 0 27 14 9 41 10 6 12 1 6 6 16 6 17 6 6 38 17 0 36 15 6 £ a. d. 91 3 6 4 4 0 1 11 6 6 6 0 12 12 0 24 17 0 16 16 0 6 16 6 12 1 6 75 12 0 15 2 0 38 13 6 173 17 0 54 12 0 109 7 0 28 17 6 7 17 6 67 0 6 10 10 0 112 7 0 127 11 6 110 0 0 0 7 19 10 147 14 0 4 14 6 30 19 6 48 6 0 17 17 0 11 1 0 16 9 0 37 8 6 40 1 6 2,977 £3,655 14 7 £3,669 1 10

Freeholds. For Loans Leaseholds. For Loans Freeholdi with Lei For] combined .seholds. joans Toi ;als. Provincial District of Not exceeding £500. Over £500. Not exceeding £500. Over £500. Not exceeding £500. Over £500. O c3a a a W3 S< a a « S5 Amount of Loans applied for. No. Amount. No. Amount. No. Amount. No. Amount. No. Amt. No. Amount. Auckland Taranaki Hawke's Bay Wellington Nelson Marlborough Westland Canterbury Otago and Southland .. 370 182 111 238 54 48 29 83 389 £ 76,210 52,509 23,985 68,619 11,810 9,500 6,625 16,859 110,545 79 48 20 139 22 18 1 55 157 £ 85,220 60,206 21,520 160,220 29,675 23,200 600 75,408 170,385 131 115 72 266 27 25 3 223 247 £ 18,952 19,320 14,318 43,840 3,065 3,177 550 22,227 36,243 !) 5 8 28 4 £ 8,400 5,000 8,500 25,635 3,100 7 4 4 2 2 i £ 1,475 1,100 1,670 600 750 550 3 3 2 i 2 3 £ 2,500 4,200 1,475 3,850 2,200 5,300 599 357 217 677 111 98 33 365 819 £ 192,757 142,335 71,468 302,764 50,600 41,727 7,775 117,394 329,763 1 9 *600 6,150 2 14 *300 4,340 1 3 2*000 2,100 Totals 1504 376,662 539 626,434 1109 161,692 64 57,385 39 10,785 21 23,625 3,276! 1,256,583

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Applications on which the Board had, up to the 31st March, 1896, declined to authorise Advances, classified according to Provincial Districts.

Advances offered, which, being less than the Amounts required, were declined by Applicants up to 31st March, 1896.

7

On Freehold Securities. On Leaseholi Securities. On Freehold combined with Leasehold. 'otals. Not exceeding £500. Exceeding £500. Not exceeding £500. Exceeding £500. Not exceeding £500. Exceeding £500. JJa oil -AS. Provincial Districts. Amount. No. Amount. No.j Amount. No. Amount. No. Amount. No. Amt. No. Amt. .uckland .. 'aranaki lawke's Bay Wellington larlborough lelson lanterbury Vestland )tago and Southland 111 6 12 21 4 19 15 1 101 £ 18,385 2,960 2,410 4,055 250 4,340 3,007 80 27,700 22 6 5 16 5 7 10 1 35 £ 24,500 10,279 4,750 23,850 7,800 9,250 14,350 1,650 32,755 £1 28 20 52 9 14 59 £ 6,818 4,250 3,588 7,165 805 1,280 6,105 4 9. 3 £ 3,460 1,600 3,' 550 3 1 1 1 2 1 1 £ 925 50 500 330 200 300 200 2 £ 1,800 193 43 38 93 22 42 87 2 £ 55,888 19,139 11,248 38,950 11,055 16,170 26,662 1,730 74,980 255,822 1 1*000 2 1 1 2,000 1,000 2,000 67 10*995 4 2,500 3 1,030 3,535 210 Totals .. 12,110 13 6,800 290 63,187 107 129,184 300 41,006 14 730

Freel lold. Leasi ihold. Freehold and Leasehold combined. Total. Provincial District. For Loans not exceeding £500. For Loans over £500. For Loans not exceeding £500. For Loans over £500. For Loans not exceeding £500. For Loans over £500. No. Amount. No. Amount. No. Amount. No. Amount. No. Amount. No. Amount. No. Amount Auckland raranaki Hawke's Bay .. Wellington Marlborough Canterbury Dtago vVestland kelson 33 24 8 31 2 13 40 1 4 £ 6,685 6,190 1,705 6,825 700 3,015 8,675 400 875 12 17 ' 8 33 3 29 41 1 5 £ 8,550 13,450 5,650 25,750 3,000 26,820 32,480 600 5,600 4 11 5 25 1 8 11 1 2 £ 1,000 2,090 665 3,925 200 395 1,575 75 200 5 o 1 10 £ 5,550 850 400 7,780 £ £ 54 54 22 99 6 53 95 3 11 £ 21,785 22,580 8,420 44,280 3,900 30,955 43,260 1,075 6,675 1 140 **2 2 175 390 1 *550 Totals.. 156 35,070 149 121,900 68 10,125 19 14,720 565 550 397 182,930

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PURPOSES for which the Advances appear from the Applications to be required, Classified according to Provincial Districts, to 31st March, 1896.

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Provincial District. For releasing Mortgage. For releasing Mortgage, and for Improvements. For releasing Mortgage, and for Stock. For releasing Mortgage, and for Stock and Improvements. For Purchase of other Land. For converting Leasehold into Freehold. For converting Leasehold into Freehold, and for Improvements and Stock. For paying Balance of Purchasemoney, and for Improvements. For Improvements. For Stock and Improvements. Not stated in Application. Totals. £ £ £ £ £ £ £ £ £ £ £ £ Auckland 51,379 55,230 4,840 5,870 1,950 3,660 6,500 5,480 39,335 17,138 1,375 192,757 Taranaki 47,440 36,810 6,050 1,400 1,030 9,080 7,676 5,524 16,280 10,045 1,000 142,335 Hawke's Bay 21,605 11,635 675 2,500 1,550 3,045 450 1,450 23,048 3,260 2,250 71,468 Wellington 94,832 85,398 3,985 5,650 9,260 6,400 13,885 11,416 51,698 17,750 2,490 302,764 Marlborough 17,425 13,875 160 150 2,400 1,800 100 5,145 672 41,727 Nelson 23,885 12,925 860 3,000 480 1,310 480 4,880 2,680 100 50,600 Canterbury 70,115 12,940 1,425 1,742 5,335 3,090 16,900 5,367 480 117,394 Westland 3,670 1,600 300 170 200 50 1,335 450 7,775 Otago and Southland 156,314 69,426 4,285 2,130 7,660 9,134 7,265 16,141 40,877 14,851 1,680 329,763 Totals.. 486,665 299,839 22,580 20,700 26,242 39,964 35,776 43,731 199,498 72,213 9,375 1,256,583

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9

Advances authorised to 31st March, 1896, Classified according to Provincial Districts.

2.—8 18a

Authorised on Freehold Securities on Applications. Authorised on Leasehold Securities on Applications. Authorised on combined Freehold and Leasehold Securities on Applications. Totals. Provincial Districts. . m . Amount Not exceeding £500. N Amount ' required. Exceeding £500. Amount ; Amount Amount ■ris^d 0 : "*»*■*• a r^d°Not exceeding £500. Amount Amount authoExceeding £500. „„ Amount ' Am °™* '. VT Amount N °- "*"*"*• S squired. SNot exceeding £500. Exceeding £500. Number Amount Amount of applied Advance! for. authorised. Applications. £ £ £ £ 28,910 56 £ £ £ £ £ £ £ £ £ £ Auckland 217 48,826 44,137 36 40,710 10,615 8,145 5 7,150 5,800 2 700 700 j 2 1,900 1,500 318 109,901 89,192 Taranaki 180 48,524 44,810 31 48,027 32,935 j 74 13,760 | 41 13,775 10,045 2 1,700 1,650 3 1,050 925 ! 2 3,000 2,950 292 116,076 93,315 Hawke's Bay .. 94 22,140 19,610 16 17,470 9,005 6,975 3 2,000 1,500 2 720 520 ] 1 825 825 157 52,160 43,190 Wellington 215 67,133 59,335 113 124,370 107,305 183 31,435 26,850 10 18,830 7,630 3 1,400 930 2 2,650 1,485 526 245,818 203,535 Marlborough 47 11,172 9,720 11 12,700 10,350 16 2,180 1,740 2 350 325 4 5,850 5,500 80 32,252 27,635 Nelson 30 7,020 6,535 10 13,925 11,000 3 700 525 43 '21,645 18,060 Canterbury 56 14,010 11,390 34 51,308 36,180 133 14,597 9,305 3 547 420 .. 226 80,462 57,295 Westland 11 2,770 2,540 1 600 600 .. 94,010 134 1 200 200 .. 13 3,570 3,340 Otago and Southland 296 89,168 76,265 101 117,260 23,237 13,505 2 1,300 445 6 2,020 1,340 2 1,400 1,300 541 234,385 186,865 Totals 335,050 640 77,090 22 15,625 1146! 310,763 274,342 353 426,370 105,544 30,980 17,025 22 6,987 5,360 13 13,560 2,196 896,269 722,427

8.—13 a.

10

Applications upon which the Amounts granted to 31st March, 1896, were less than the Amounts required, Classified according to Provincial Districts.

Not exceeding £500 on Freeholds. Applied for. Granted. Not exceeding £500 on Leaseholds. Over £500 on Freeholds. Over £500 on Leaseholds. Not exceeding £500 on Freeholds with Leasehold. Over £500 on F with Leasehc 'reeholds .Id. Total. Applied for. Granted. Applied for. Granted. Apj •lied for. Granted. Ap] died for. Granted. API >lied for. Granted. iplied for. Granted. No. 73 Amount. £ 19,459 Amoun c. £ 14,650 No. 31 Amount. £ 6,870 Amount. £ 4,470 No. 25 Amount. £ 27,110 Amount. £ 18,260 No. 4 Amount. £ 5,150 Amount. £ 3,800 No. Amount. £ Amount. £ No. 1 Amount. £ 1,000 Amount. £ 600 No. 134 Amount. £ 59,589 Amount. £ 41,780 Auckland Hawke's Bay 26 6,770 5,070 25 5,555 3,250 12 11,560 8,750 1 800 400 1 300 100 65 24,985 17,570 Taranaki 69 23,094 16,595 46 9,710 5,900 33 42,277 26,835 3 2,050 1,200 1 300 275 1 1,000 950 153 78,431 51,755 Wellington .. 81 27,595 20,260 100 22,755 14,040 71 88,834 64,490 21 18,235 11,780 2 900 430 2 2,650 1,485 277 160,969 112,485 Marlborough 8 2,200 1,525 5 805 390 10 11,350 8,500 1 200 175 1 2,000 1,650 25 16,555 12,240 Nelson 13 3,200 2,260 2 300 150 7 10,425 6,500 22 13,925 8,910 Canterbury .. 25 5,335 4,110 88 10,525 5,760 33 39,795 26,845 1 600 250 2 300 175 149 56,555 37,140 Otago .. 134 44,852 33,410 93 16,171 8,700 83 93,355 67,560 4 2,800 985 5 1,870 1,190 1 800 500 320 159,848 112,345 Westland .. 1 300 200 1 300 200 Totals .. 430 132,805 98,080 1390 72,691 42,660 274 324,706 227,740 34 29,635 18,415 12 3,870 2,345 7,450 5,185 1146 571,157 394,425

11

8.—13 a.

ADVANCES authorised to be granted up to the 31st March, 1896, the Value of the Land, Buildings, and other Improvements comprising the Securities for such Advances, classified according to Provincial Districts.

Approximate Cost of Paper.— Preparation, not given: printing (1,550 copies), £9 16s. 6d.

By Authority: John Mackay, Government Printer, Wellington.—lB96. Price 6d.]

Advances authorised on Application for Loans not exceeding £500. Advances authorised on Applications for Loans exceeding £500. Advances authorised on Applications on Freeholds with Leaseholds. On Freeholds. in Lease] [Olds. On F] •eeholds. Lease] iolds. Not exceeding £500. Over £500. Provincial District. a Value of Securities. a B K sis i 3 og a a ■S. 10 (3 ■2 if < 1 O — _ i ■2. aa "if I a < a g ■302 1 1 4 I 1 o £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ 48,522 29,227 45,488 8,145 25,307 ■ Auckland 217 44,137 123,237 56 36 28,910 41,561 14,828 24,826 81,215 5 5,800 17,256 700 1,598 2 1,500 4,81! Taranaki 180 44,810 48,740 17,093 37,503 103,336 74 10,045 32,657 31 32,935 38,985 i 8,209 29,766, 76,960i 2 1,650 3,673 3 925 2,674 2 2,950 I 6,61Hawke's Bay 94 19,610 17,629 ! 10,430 21,589 49,648 41 6,975 24,757 16 13,760 15,243 I 8,6301 I 11,369' 30.242 1 3 3 1,500 3,200 2 520 1,610 1 825; j 1,45< Wellington .. 215 59,335 65,976' 21,265 55,816 143,057: 183 26,850 92,471 113 107,305 127,153; 27,363 I 105,181 259,697 10 10 I 7,630 20,825 3 930 1,518 2 j 1,485! j 5,98! Marlborough .. 47 9,720 11,745 6,867 8,122 26,734 16 l,740; 5,678 11 10,350 19,856; 4.823J 7,384 32,063 .. 2 325 704 4 5,500 ! 12,161 Nelson 30 6,535 7,542 3,295 I I 7,617 I 18,454 3 525 1,169 10 11,000 26,343 3,680 6,118 36,141 .. 77,970 .. 1,000 .. 232, 152 1 2 Canterbury .. 56 11,390; 16,122 6,267 3,863 26,252 133 9,305 26,360 34 36,180 58,438 8,038 11,4941 I « 420l 1,531 I ' ' Westland 11 2,540 1,909 1,370 2,566 5,845 li 600 300 200 500 1 200 485? I - Otago j 296 76,265 85,743 34,314 50,325 170,382 134 13,505 41,016 1011 94,010 131,724 35,138 65,290 445 890 6 1,340 4,058 2 1,300 2,82' Totals I h1146 274,342 303,928 130,128 ! ! 232,889 666,945 640 77,090 249,415 353 335,050 459,603 105,909 261, 928^ ! 827,440 22 17,025 45,844 22 5,360 14,178 13 13,560 33,85' Total amount granted on 2,196 applications, £722,427. Total amount of securities, £1,837,679.