8.—13

1931. NEW ZEALAND.

STATE ADVANCES OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDED 31st MARCH, 1931.

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

THIRTY-SEVENTH ANNUAL BE POET.

ADVANCES TO SETTLERS BRANCH. 1. During the year the State Advances Board has authorized 1,568 advances amounting to £1,251,420, and the following statement shows the amount authorized in each provincial district: — „ . . . ~, , , Amount of Advances Provincial J\umber oi ~ ■ , District. Applications. authorized. Auckland .. .. .. .. ..587 459,110 Taranaki .. .. .. .. .. 62 60,545 Hawke'sßay .. .. .. .. .. 79 63,365 Wellington .. .. .. .. .. 316 281,705 Marlborough .. .. .. .. .. 24 16,120 Nelson .. .. .. .. .. 29 19,605 Westland .. .. .. .. .. 28 14,620 Canterbury .. .. '.. .. .. 247 182,735 Otago .. .. .. .. .. .. 69 61,410 Southland .. .. .. .. .. 127 92,205 Totals .. .. .. .. 1,568 £1,251,420 2. During the year the advances paid over are as follows : — Number. Amount, Not exceeding £500 .. .. .. .. 522 152,710 Exceeding £500 but not exceeding £1,000 .. .. 759 572,430 Exceeding £1,000 but not exceeding £2,000.. .. 283 381,975 Exceeding £2,000 but not exceeding £3,500. . .. 74 221,625 Totals 1,638 £1,328,740 3. The advances paid over classified according to the tenure of the securities, are as follows :— Number. Amount. On freeholds .. .. .. .. ..1,268 1,060,130 On leaseholds .. .. .. .. ..358 254,680 On freeholds and leaseholds combined .. .. 12 13,930 Totals .. .. .. .. 1,638 £1,328,740 4. The advances current are as follows : — to- n Amount. Number. £ g _ d ■ Not exceeding £500 .. .. .. ..14,511 3,248,746 2 3 Exceeding £500 but not exceeding £1,000 .. 6,932 5,277,393 9 8 Exceeding £1,000 but not exceeding £2,000 .. 4,029 5,263,706 1] 7 Exceeding £2,000 but not exceeding £3,500 .. 1,410 4,314,257 19 10 Totals .. .. .. .. 26,882 £18,104,104 3 4

I—B. 13.