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1928. NEW ZEALAND.

STATE ADVANCES OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDED 31st MARCH, 1928.

Laid before Parliament pursuant to Subjection (3) of Section 64 of the State Advances Act, 1913.

ADVANCES TO SETTLERS BRANCH. Thirty-fourth Annual Report and Balance-sheet. 1. During the year the State Advances Board has authorized advances amounting to £502,370. and the following statement shows the amount authorized in each provincial district : — Provincial Number of Amount °f Advances District. Applications. au ° Tlze Auckland .. .. .. .. .. ..279 245,730 Taranaki .. .. .. .. .. ... 40 54,575 Hawke's Bay .. .. .. .. ..23 21,200 Wellington .. .. .. .. .. ..71 57,100 Marlborough .. .. .. .. ..13 11,200 Nelson .. .. .. .. .. ..29 20,635 Westland .. .. .. .. .. ..17 11,460 Canterbury .. .. .. .. .. ..37 33,440 Otago .. .. .. .. .. ..20 15,775 Southland .. .. .. .. .. ..47 31,255 Totals .. .. .. .. ..576 £502,-370 Number Amount. 2. During the year the advances paid over are as follows : — ' £ Not exceeding £500 .. .. .. .. ..128 41,565 Exceeding £500 but not exceeding £1,000 .. .. 235 188,390 Exceeding £1,000 but not exceeding £2,000 .. .. 166 215,850 Exceeding £2,000 but not exceeding £3,500 .. .. 60 168,025 Totals .. .. .. .. ..589 £613,830 3. The advances paid over, classified according to the tenure of the securities, are as follows : — Number. Amount. On freeholds .. .. .. ■■ 472 507,030 On leaseholds .. .. .. -. 103 88,635 On freeholds and leaseholds combined .. .. .. 14 18,165 Totals .. .. .. .. ..589 £613,830 *i Amount. 4. The advances current are as follows :— m £ s. d. Not exceeding £500 .. .. .. .. 14,142 3,071,256 6 9 Exceeding £500 but not exceeding £1,000 .. 6,24-3 4,711,137 2 8 Exceeding £1,000 but not exceeding £2,000 .. 3,674 4,914,786 5 1 Exceeding £2,000 but not exceeding £3,500 .. 1,248 4,257,887 14 8 25,307 £16,955,067 9 2

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