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PUBLIC DEBT SINKING FUNDS BRANCH. 52. During the year the State Advances Board has authorized eighty-six advances amounting to £87,070. 53. The advances paid over during the year to 113 borrowers were £120,060. 54. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1931, amounted to £4,915. 55. 1,387 settlers are now indebted to the extent of £1,172,797 Bs. 4d. ; 131 workers, £65,138 9s. 9d. ; and local bodies (in respect of 1,626 loans), £2,004,275 12s. 5d.; a total of £3,242,211 10s. 6d. in respect of principal moneys. 56. Mortgages and instalments of principal repaid for the year amounted to £101,531 6s. 9d. 57. The amount of interest collected was £148,924 16s. 6d. 58. The interest earned for the year amounted to £156,325 6s. 7d. 59. The cost of management was nil. ADVANCES OFFICE SINKING FUND. 60. During the year the State Advances Board has authorized thirty-eight advances amounting to £21,385. 61. The advances paid over during the year to thirty-one borrowers were £19,450. 62. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1931, amounted to £1,155. 63. 1,451 settlers are now indebted to the extent of £938,247 3s. 4d. ; 133 workers, £55,145 2s. sd. ; and local bodies (in respect of 318 loans), £386,297 15s. 9d. ; a total of £1,379,690 Is. 6d. in respect of principal moneys. 64. Mortgages and instalments of principal repaid for the year amounted to £72,447 os. Id. 65. The amount of interest collected was £87,619 11s. 2d. 66. The interest earned for the year amounted to £88,440 ss. 3d. 67. 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 £1,982,814 Bs. 2d. 68. The cost of management was nil. MISCELLANEOUS BUSINESS BRANCH. Repatriation. 69. During the year the sum of £26,260 4s. principal moneys was repaid by borrowers. 70. The present position is that 1,122 borrowers are indebted to the extent of £138,853 os. 3d. for business loans, and 4,233 borrowers owe £88,600 19s. 9d. for furniture loans —a total of £227,454 in respect of principal moneys. Housing Account. .. ; 71. The sum of £4,770 19s. 9d. was expended during the year in preparing land for dwellings. 72. Mortgages and instalments of principal repaid for the year amounted to £34,657 7s. 7d. 73. The total amount of interest collected was £29,167 os. 4d. Loans to Employers for Workers' Dwellings Account ; Fishing Industry Promotion Account ; Fruit-preserving Industry Advances Account ; Cold Storage Advances Account. 74. Mortgages and instalments of principal repaid for the year in respect of the above accounts amounted to £18,629 165., and the total amount of interest ; collected was £8,357 os. lid. .151 A statement of each account for the year, is attached. E. O. Hales, Superintendent. State Advances Office, Wellington, 13th June, 1931.

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