8.—13.

18. The advances paid over during the year are as follows „ , Amount. Number. £ Not exceeding £500 .. .. .. •• 49 14,410 Exceeding £500 but not exceeding £1,000 .. .. 52 • 46,090 Exceeding £1,000 but not exceeding £2,000 .. .. 54 79,775 Exceeding £2,000 but not exceeding £3,500 .. .. 31 87,515 Exceeding £3,500 but not exceeding £5,500 .. 6 26, 460 Totals 192 £254,250 19. The advances paid over, classified according to the tenure of the securities, are as follows , T , Amount. jN u in ber» On freeholds .. .. .. - • •• 149 204,675 On leaseholds... .. . • • • • • 34 32,020 On freeholds and leaseholds combined .. .. 9 17,555 Totals .. .. •• 192 £254,250 20. The advances current are as follows : — , T , Amount. Number. £ s _ d _ Not exceeding £500 .. .. •• 194 83,925 2 7 Exceeding £500 but not exceeding £1,000 .. . . 483 387,322 10 2 Exceeding £1,000 but not exceeding £2,000 .. 721 1,131,809 6 7 Exceeding £2,000 but not exceeding £3,500 .. 643 1,659,601 12 11 Exceeding £3,500 but not exceeding £5,500 .. 352 1,319,958 14 5 Totals 2,393 £4,582,617 6 8 21. The advances current, classified according to the tenure of the securities, are as follows : — , T , Amount. Number. £ s d On freeholds .. .. .. . • .. 2,025 4,023,886 7 9 On leaseholds .. .. •• •• 322 482,937 16 1 On freeholds and leaseholds combined .. .. 46 75,793 210 Totals .. .. .. 2,393 £4,582,617 6 8 22. The commitments in respect of loans granted and not paid over in whole or in part at the 31st March, 1932, amounted to £20,045. 23. The net profits for the year amounted to £6,178 13s. lid. 24. The cost of management was £5,414 ss. 9d., being 0-109 per cent., or 2s. 2d. per £100, of the capital employed. 25. A large number of the advances in this branch were made to sheep-farmers operating on a large scale, and their financial position is reflected in the fact that 46 per cent, of the mortgagors paid their instalments within the rebate period, and the percentage of' arrears to the funds outstanding at the close of the year was 3-581 per cent. 26. Bonds to the aggregate value of £22,700 were issued during the year. 27. Mortgages and instalments of principal repaid for the year amounted to £75,969 15s. 28. The amount of interest collected was £179,813 15s. 9d. 29. Four freehold securities were realized by the Department during the year. ADVANCES TO WORKERS BRANCH. 30. During the year the State Advances Board has authorized 316 advances amounting to £200,145, and the following statement shows the amount authorized in each provincial district: — AT , f Amount of Advances. Provincial A N ™ b ® r of authorized. District. Applications. £ Auckland .. •• •• •• 61 41,(20 Taranaki .. •• •• •• 9 4,125 Hawke's Bay .. .. •• •• •• 32 12,135 Wellington .. .. •• •• 93 67,070 Marlborough . . .. .. • • ■ • 3 1,845 Nelson .. .. . • .. .. .. 10 5,965 Westland .. .. .. •• 16 8,440 Canterbury .. .. •• •• •• 54 34,310 Otago .. 17 11,575 Southland .. • • • • ■ • • • 21 12,960 Totals .. .. •• • 316 £200,145

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