8.—13

1899. NEW ZEALAND.

GOVERNMENT ADVANCES TO SETTLERS OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDING 31st MARCH, 1899.

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

T:S "an bec P a2thTed and £ became necessary to withdraw the money lodsecl with the Pnblio Trust Office in respect of loans repaid and deposits made in reduction of loans This Public lrust umce miebp y reinvested, funds were provided by the ¥SSS 1 in Wl6o Xln Anticipation of-the balance of the loan or a part thereof £fne subsZently floated. This amount has not been drawn upon to a larger extent than " C The ■ZSnViritie, %%s3££A~ of -« «lv» te ge v, the office b t ? o »y property which w» in d.nger of detenor.t.on tough ° eSle Cm l) £ f S.° g »tt l ,ched it will be see. that the Bo.rd had, .p to the 81,. M«eh, 1899, valued at td,/o»,a»w, auu ~,-,:, & re( j U ced by the periodical repayments of principal. The 7 P waß 9,032, Uan aggregate amount of £t2,95 The 2 c 8 ontribution payable to the Valuation Department will be £2,500 this year, the Advances t0 pSo£ f ago the contribution to that be mcreLd from £500 to £700. The expense of audit has also been 3lBt MarCh ' 1898 ' £17 'T°he manner in which instalments continue to be met by mortgagors is highly satisfactory, and \~?°»"»fs,K™ , X«^S'£*Sp^, o lft, , »aai»io»»l mm »i..d for ravestment oStfxKferiitvSStKiT* to meet',., lit, in „„*.. of taM "S±SittrS|S S Ma™%f d F " JO=» MO G ow M , Supenntende.,