8.-13b
1898. NEW ZEALAND.
GOVERNMENT ADVANCES TO SETTLERS OFFICE. RETURN SHOWING THE NUMBER OF ADVANCES AUTHORISED TO THE 31st MARCH, 1898, ON DIFFERENT CLASSES OF LEASEHOLD SECURITY, WITH THE VALUE OF SECURITIES HELD UNDER EACH CLASS, AND THE AMOUNT ADVANCED THEREON; DEALING ALSO WITH THE QUESTION OF ARREARS OF RENT WHEN LOANS GRANTED.
Laid upon the Table 20th September, 1898, by the Hon. Mr. J. McKenzie, with the leave of the House.
Advances authorised to 31st March, 1898.
With regard to (1), only one applicant was in arrear with his rent at the time the loan was granted. With regard to (4), the Board as a general rule declines to grant a loan if more than the current half-year's rent is due to the Land Office, it being borne in mind that rent is payable to the Crown half-yearly in advance. But all applications are treated on their merits, and where the margin of security is ample, and the rent has previously been regularly paid, an advance is sometimes made when the rent for the preceding half-year is still unpaid. At an early stage in the history of the department this matter of rent was, perhaps, not treated so strictly by the Board, and some few loans were made even where two or three payments of rent were due, the rent being paid out of the loan; but in no case has the department suffered loss thereby. To go into the matter in detail and find out the exact number would mean the expenditure of much labour and time. John McGowan, Superintendent. Government Advances to Settlers Office, Wellington, 16th August, 1898. Approximate Cost of Paper.— Preparation, not given; printing (1,360 copies), 18e. 6d.
By Authority: John Mackay, Government Printer, Wellington.—lB9B.
Price 3d.
Class of Security. No. Amount authorised. Value of Security. (1.) Lease in perpetuity, and "Land for Settlements Act, 1894" ' (2.) Educational leases (3.) West Coast settlement reserve leases (4.) Ordinary Crown leaseholds 41 14 51 1,675 £ 2,360 2,065 8,840 216,825 £ 6,155 5,841 22,054 537,532 Total... 1,781 230,090 571,582
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Bibliographic details
GOVERNMENT ADVANCES TO SETTLERS OFFICE. RETURN SHOWING THE NUMBER OF ADVANCES AUTHORISED TO THE 31st MARCH, 1898, ON DIFFERENT CLASSES OF LEASEHOLD SECURITY, WITH THE VALUE OF SECURITIES HELD UNDER EACH CLASS, AND THE AMOUNT ADVANCED THEREON; DEALING ALSO WITH THE QUESTION OF ARREARS OF RENT WHEN LOANS GRANTED., Appendix to the Journals of the House of Representatives, 1898 Session I, B-13b
Word Count
340GOVERNMENT ADVANCES TO SETTLERS OFFICE. RETURN SHOWING THE NUMBER OF ADVANCES AUTHORISED TO THE 31st MARCH, 1898, ON DIFFERENT CLASSES OF LEASEHOLD SECURITY, WITH THE VALUE OF SECURITIES HELD UNDER EACH CLASS, AND THE AMOUNT ADVANCED THEREON; DEALING ALSO WITH THE QUESTION OF ARREARS OF RENT WHEN LOANS GRANTED. Appendix to the Journals of the House of Representatives, 1898 Session I, B-13b
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