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The amounts of tlie advances actually paid over to settlers during tlie year ended 31st March, 1927, are as follows :— AT , Amount. Number. Not exceeding £500 .. .. .. .. 511 218 ,835 Exceeding £500 but not exceeding £1,000 .. 1,090 860,995 Exceeding £1,000 but not exceeding £2,000 .. 728 1,011,985 Exceeding £2,000 but not exceeding £3,500 .. 428 1,211,150 Totals' .. .. .. .. 2,757 £3,302,965 The number and amounts actually paid over, classified according to tenure of the securities, are as follows :— AT , Amount. .Number. £ On freeholds .. .. .. .. .. 2,297 2,686,355 On leaseholds .. .. .. .. .. 407 531,050 On freeholds and leaseholds combined .. .. 53 85,560 Totals .. .. .. .. 2,757 £3,302,965 The gross profits for the year ended 31st March, 1927, were £94,434, and the cost of management and expenses of the branch £30,426, being 0-147 per cent., or 2s. lid. per £100 of the capital employed. Loan-moneys amounting to £1,332,850 4s. Id. were received during the year. Mortgages and instalments of principal repaid for the year amounted to £901,765 15s. 9d. The total amount of interest collected for the year was £900,230 3s. 3d. The sinking fund, after redemption of loans totalling £126,700, amounts to £1,697,117 Is. lOd. Eight leasehold and sixteen freehold securities were realized by the Department during the year. Eor the year ended 31st March, 1927, 28 advances, amounting to £8,510 were authorized on chattel securities. The amount actually paid over during the year to 33 borrowers was £9,740. With regard to the redemption of mortgages, the advances authorized for the year ended 31st March, 1927, numbered 1,385, and amounted to £1,674,705. The amount actually paid over during the year to 2,304 borrowers was £3,016,155. A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927.

ADVANCES TO WORKERS BRANCH. Twentieth Annual Report and Balance-sheet. The following is a statement showing the advances to workers authorized by the Board during the year, and classified according to provincial districts : — Provincial Number of Amount of Advances District. Applications. au ™ rzef • Auckland .. .. .. .. .. 901 768,145 Taranaki .. . . . . .. . . 33 22,055 Hawke's Bay .. . . .. . . .. 25 19,820 Wellington .. .. .. .. .. 687 618,765 Marlborough .. .. .. .. .. 13 9,260 Nelson .. .. .. .. .. 16 12,130 Westland .. .. .. .. .. 6 2,225 Canterbury .. .. .. .. .. 134 105,580 Otago .. .. .. .. .. .. 33 27,505 Southland .. .. .. .. .. 54 45,525 Totals .. .. .. ..1,902 £1,631,010 The total of advances to workers now current and the tenure of the securities are as follows : — Number. Amount. £ s. d. On freeholds .. .. .. .. .. 17,002 8,908,264 2 10 On leaseholds .. .. .. .. .. 1,089 545,943 12 9 Totals .. .. .. .. 18,091 £9,454,207 15 7 The advances to workers actually paid over during the year ended 31st.March, 1927, on freehold and leasehold, are as follows :— Number. Amount. On freeholds .. .. .. .. .. 2,713 2,483,135 On leaseholds .. .. .. .. .. 53 42,655 Totals .. .. .. .. 2,766 £2,525,790

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