B.—-13A.

1938. NEW ZEALAND.

STATE ADVANCES CORPORATION OF NEW ZEALAND. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1938.

Laid before both Houses of the General Assembly of New Zealand pursuant to Subsection (2) of Section 43 of the State Advances Corporation Act, 1934-35, and Subsection (2) of Section 42 of the State Advances Corporation Act, 1936.

Part I. —General. page 1. Principal Functions of the Corporation .. .. .. . . .. .. 4 2. Volume of Business .. .. .. .. .. .. .. .. 4 3. Legislation affecting the Corporation .. • .. .. .. .. .. 4 4. World Events .. .. .. .. .. .. .. .. .. 4 5. Trade and Industry in New Zealand .. .. .. .. .. .. 5 6. Trend of Interest-rates .. .. .. .. .. .. . . .. fi 7. Stock and Debentures issued by the Corporation .. .. .. .. .. 7 8. New Business .. .. .. .. .. .. .. .. .. 7 9. Mortgage-repayment Insurance .. .. .. .. .. .. .. 9 10. Establishment of Branch Offices .. .. .. .. .. .. .. 9 fl. Transfer of Rural Intermediate Credit .. .. .. .. .. .. 9 12. Adjustment of Mortgages under Section 39 of State Advances Corporation Act, 1931-35.. 9 13. Mortgagors and Lessees Rehabilitation Act, 1936 .. .. .. .. .. 9 14. Field Staff .. .. .. .. .. .. .. .. .. 10 15. Reverted Securities: Urban .. .. .. .. .. .. 10 16. Reverted Securities: Rural ... .. .. .. .. .. ..11 17. Interest due and received .. .. .. .. .. .. 11 18. Revenue Accounts .. .. .. ... .. .. .. ..11 19. Management Expenses . . .. .. .. .... .. 11 20. Balance-sheet .. .. .. .. .. .. .. .. 12 21. Staff .. .. .. .. .. .. ..13 Accounts and Auditors' Report .. .. .. .. . . .. 14 Part ll.—Operations under Housing Act, 1919. 1. Report of Director of Housing Construction .. .. .. .. 15 2. Loans to Local Authorities .. .. .. .. .. .. 16 3. Loans to Co-operative Dairy Factories .. .. .. .. .. .. 16 4. Balance-sheet and Revenue Accounts .. .. .. .. .. .. 16 5. Statutory Returns .. .. .. .. .. .. .. ..17 Accounts and Auditors' Report . . . . .. .. .. .. ..18