STATE ADVANCES DEPARTMENT.

Gisborne Times, Volume XXIX, Issue 3299, 18 August 1911, Page 5

STATE ADVANCES DEPARTMENT.

SETTLERS’ AND WORKERS’ BRANCHES.

OPERATIONS FOR THE YEAR

(From Our Parliamentary Reporter) WELLINGTON, August 17. The annual report of the Advances to Settlers branch of.the State' Advances Department, states that four thousand nine hundred and fiftyseven applications for loans amounting to £2,122,749 were received during the last financial year. The advances actually granted numbered 3184, amounting to £1,214,310, which exceeds those of the previous year 438, and the amount by £109,190. The Board had from the commencement of its business up to the 31st March, 1911, authorised 32,306 advances, amounting io £11,518,145. Applicants to the number of 3415 declined the grants offered them, amounting to £1,347,910, making the advances authorised to the 31st March, 1911, 28,891, and the amount £10,180,235 net. The total, amount oi advances actually paid over during the year for. both the advances to settlers and advances to workers branches was £l,-612,070. The report on the Advances to Workers branch states that for the year ended 31st March, 1911, the' applications received numbered 2125, amounting to £660,892, as against 2,028 applications, amounting to £550,651, for the previous year, an increase of 97 applications, and an amount of £110,241. The advances actually granted during the year numbered 1296 for £407,760, being an increase in amount over the previous year of £45,408..' . ,_ . ... ,