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19. The advances paid over, classified according to the tenure of the securities, are as follows : — AT , Amount. IN umber. „ On freeholds .. .. .. .. .. 535 1,135,030 On leaseholds .. .. .. .. .. 79 122,665 On freeholds and leaseholds combined .. .. 5 13,375 Totals .. .. ... ... 619 £1,271,070 20. The advances current are as follows : — t. t i Amount. Number. £ ± Not exceeding £500 .. .. .. .. 159 71,793 2 7 Exceeding £500 but not exceeding £1,000 .. 445 346,581 4 11 Exceeding £1,000 but not exceeding £2,000 .. 680 1,055,463 17 8 Exceeding £2,000 but not exceeding £3,500 .. 616 1,607,926 8 2 Exceeding £3,500 but not exceeding £5,500 .. 347 1,322,572 8 4 Totals .. .. ... .. 2,247 £4,404,337 1 8 21. The advances current, classified according to the tenure of the securities, are as follows :— Number. £ Amount. On freeholds .. .. .. .. .. 1,914 3,876,713 14 5 On leaseholds .. .. .. .. 295 457,853 18 2 On freeholds and leaseholds combined .. .. 38 69,769 9 1 Totals .. .. .. .. 2,247 £4,404,337 1 8 22. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1931, amounted to £145,775. 23. The net profits for the year amounted to £9,546 17s. Bd. 24. The cost of management was £3,629 155., being 0-091 per cent., or Is. 10d. per £100, of the capital employed. 25. The payment of instalments by borrowers is still satisfactory, and in no case has the Department made a loss. It is gratifying to note that 75 per cent. of the mortgagors pay their instalments within the rebate period, thus obtaining a concession of \ per cent, reduction in their interest payments. The percentage of arrears to the funds outstanding at the close of the year was 1-188 per cent. 26. Bonds to the aggregate value of £1,207,750 were issued during the year. 27. Mortgages and instalments of principal repaid for the year amounted to £96,881 14s. 9d. 28. The amount of interest collected was £182,843 Bs. 7d. 29. One leasehold and one freehold security were realized by the Department during the year. ADVANCES TO WORKERS BRANCH. 30. During the year the State Advances Board has authorized 1,695 advances amounting to £1,268,715, and the following statement shows the amount authorized in each provincial district: — t, . . , AT i , Amount of Advances P™™ l Number of authorized. Dietnot. Applications. „ Auckland .. .. .. .. ..292 206,385 Taranaki .. .. .. .. .. 45 30,910. .! Hawke'sßay .. .. .. .. .. 69 45,050 Wellington .. .. .. .. .. 725 581,435 Marlborough .. .. .. .. .. 29 18,635 Nelson 41 30,120 Westland 36 20,565 Canterbury .. .. .. .. ..289 209,810 Otago .. .. .. .. .. .. 87 68,510 Southland .. .. .. .. .. 82 57,295 Totals 1,695 £1,268,715

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