B—l3

subsequent to the disbursement of loan-moneys. For the most part, statistical data in relation to receipts and payments tell the story of the average borrower whose account presents no complications. It will be appreciated that all applications for loan assistance are not necessarily approved, and the following statistics show the total numbers and amounts of loans actually authorized during the year. Corresponding figures for the preceding year are given in brackets.

Statistics for Year Ended 31st March, 1949

The basic function of the Corporation is the provision of loan finance on the security of land — i.e., farms and dwellings—and it is appropriate to include in the report for the year a table showing, firstly, the loans authorized for farms and dwellings during the year, and, secondly, the aggregate of such loans for the period since the establishment of the Corporation in 1935.

4

Classification. Loans Authorized. Number. Amount. £ £ Farms 1,031 (1,149) 4,567,640 (5,299,741) Stock 49 (53) 54,118 (55,353) Houses 5,590 (5,998) 6,642,354 (7,209,120) Industrial 7 (3) 418,000 (75,500) Business 1,373 (1,344) 933,151 (996,878) Furniture 8,039 (7,954) 746,101 (729,058) Tools of trade 134 (187) 4,848 (5,401) Miscellaneous 45 (56) 7,848 (15,647) Totals .. 16,268 (16,744) 13,374,060 (14,386,698)

Period. Applications Keceived. Loans Authorized. Number. Amount. Number. Amount. During year ended 31st March, 1949 Farms .. Residential 1,681 6,848 £ 6,439,000 8,452,000 1,031 5,590 £ 4,568,000 6,642,000 Totals 8,529 14,891,000 6,621 11,210,000 During period 1935 to 1949— Farms Residential 1.8,772 56,783 52,763,000 59,120,000 10,878 42,920 32,480,000 44,276,000 Totals .. 75,555 111,883,000 53,798 76,756,000