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PUBLIC DEBT SINKING FUNDS BRANCH. 50. During the year tlie State Advances Board has authorized 117 advances amounting to £122,305. 51. The advances paid over during the year to eighty borrowers were £75,955. 52. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1930, amounted to £63,905. 53. 1,317 settlers are now indebted to the extent of £1,110,526 16s. Bd.; 130 workers, £69,655 12s. 6d. ; and local bodies (in respect of 1,628 loans), £2,043,500 Bs. Id.; a total of £3,223,682 17s. 3d. in respect of principal moneys. 54. Mortgages and instalments of principal repaid for the year amounted to £107,962 9s. 2d. 55. The amount of interest collected was £.155,930 12s. Id. 56. The interest earned for the year amounted to £154,310 Bs. lOd. 57. The cost of management was nil. ADVANCES OFFICE SINKING FUND. 58. During the year the State Advances Board has authorized twenty-two advances amounting to £13,320. 59. The advances paid over during the year to twenty-three borrowers were £13,930. 60. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1930, amounted to £2,555. 61. 1,493 settlers are now indebted to the extent of £977,603 9s. 7d. ; 135 workers, £60,171 lis. Id. ; and local bodies (in respect of 319 loans), £394,912 os. lid. ; a total of £1,432,687 Is. 7d. in respect of principal moneys. 62. Mortgages and instalments of principal repaid for the year amounted to £93,428 18s. 9d. 63. The amount of interest collected was £85,834 3s. lid. 64. The interest earned for the year amounted to £82,738 Bs. sd. 65. To date loan-moneys amounting to £933,269 3s. 6d. have been redeemed out of sinking funds, and the balance held to the credit of the fund at the close of the year was £1,879,060 12s. 9d. 66. The cost of management was nil. MISCELLANEOUS BUSINESS BRANCH. Expatriation. 67. During the year the sum of £33,810 lis. 2d. principal moneys was repaid by borrowers. 68. The present position is that 1,235 borrowers are indebted to the extent of £155,708 Is. Bd. for business loans, and 4,634 borrowers owe £98,006 2s. 4d. for furniture loans— a total of £253,714 4s. in respect of principal moneys. Housing Account. 69. The sum of £6,736 4s. Id. was expended during the year in preparing land for dwellings. 70. Mortgages and instalments of principal repaid for the year amounted to £50,409 19s. 4d. 71. The total amount of interest collected was £30,160 19s. Loans to Employers for Workers' Dwellings Account ; Fishing Industry Promotion Account ; Fruit-preserving Industry Advances Account ; Cold Storage Advances Account. 72. Mortgages and instalments of principal repaid for the year in respect of the above accounts amounted to £10,155 os. 9d., and the total amount of interest collected was £6,557 16s. lid. 73. A statement of each account for the year is attached. Wm. Waddel, Superintendent. State Advances Office, Wellington. 23rd June, 1930.

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