B—l7

Applications dealt with by the Board since it was constituted on Ist April, 1927, have been as follows :

The difference (£12,346,674) represents amounts declined or referred back by the Board during the period of twenty-one years. The following table shows the movement of gross local-authority debt:— £ " £ 1915 .. .. 24,538,721 1942 .. .. 66,645,990 1920 .. .. 30,187,942 1943 .. .. 65,131,074 1925 .. .. 53,353,466 1944 .. .. 63,262,828 1930 .. .. 71,207,539 1945 .. .. 61,237,937 1935 .. .. 71,245,458 1946 .. .. 60,025,864 1940 .. .. 69,486,970 1947 .. .. 57,765,453 1941 .. .. 67,974,687 The domicile of local-authority debt has been as follows :

3

Sanctioned. Total New Applications. Works. Redemptions. £ £ £ 1927-28 4,636,649 3,212,185 1,048,796 1928-29 6,007,045 3,866,551 809,221 1929-30 4,218,730 3,563,842 967,875 1930-31 3,840,505 1,766,256 838,901 1931-32 3,412,365 781,195 2,483,810 1932-33 2,951,645 406,521 2,348,231 1933-34 3,884,132 917,560 2,744,245 1934-35 3,859,363 1,585,440 2,379,955 1935-36 4,061,076 1,550,690 2,051,790 1936-37 2,804,308 2,411,358 430,313 1937-38 3,362,173 3,098,445 122,758 1938-39 5,138,917 3,013,872 1,188,525 1939-40 2,674,450 1,701,460 355,800 1940-41 5,336,640 2,709,505 1,602,670 1941-42 4,589,653 1,898,096 1,391,728 1942-43 3,336,770 1,497,120 1,121,000 1943-44 .. .. 3,999,665 1,349,335 2,359,755 1944-45 3,242,327 1,737,807 698,120 1945-46 3,497,820 2,643,935 243,235 1946-47 9,843,543 7,289,436 1,006,430 1947-48 8,324,579 6,022,034 1,459,880 93,022,355 53,022,643 27,653,038 80,675,681

31st March, London. Australia. New Zealand. Total. 1 £ £ £ £ 1931 17,533,425 - 8,574,529 46,578,082 72,686,036 1935 16,088,525 2,564,693 52,592,240 71,245,458 1940 12,284,225 2,264,220 54,938,525 69,486,970 1941 9,893,025 2,198,211 55,883,451 67,974,687 1942 9,381,825 2,043,718 55,220,447 66,645,990 1943 8,461,325 1,851,273 53,656,498 63,969,096 1944 7,837,225 1,624,458 53,801,145 63,262,828 1945 7,074,925 1,544,382 52,618,630 61,237,937 1946 6,604,725 1,484,400 51,936,739 , 60,025,864 1947 5,990,325 1,286,783 1 * 50,488,345 57,765,453