3

8.—13

PUBLIC DEBT SINKING FUNDS BRANCH. The following is a statement showing the advances under this branch authorized during the year ended 31st March, 1920, classified according to provincial districts:— Advances to Local Bodies. Provincial Number of A ' no ™ t t „° r , f r , A fi d J anC6S District. Applications. authorized. Auckland .. .. .. .. .. ..45 105,105 Taranaki .. .. ...... .. ..8 12,745 Hawke'sßay .. .. .. .. .. ..10 19,050 Wellington .. .. .. .. .. ..16 27,140 Marlborough .. .. .. .. .. ..1 10,000 Canterbury .. .. .. .. .. 1 80 Otago .. .. .. .. .. .. ..1 1,000 Totals.. .. .. .. .. ..82 £175,120 Advances to Settlers. „ , . Amount of Advances Provincial Number of authorized. District. Applications. £ Auckland .. .. .. .. .. ..5 1,805 Wellington .. .. .. .. .. ..3 1,835 Canterbury .. .. .. .. .. .. 1 200 Totals.. '.. .. .. .. ..9 £3,840 The amount actually paid over to local bodies during the year was £170,600. Local bodies are now indebted to the extent of £812,617, and settlers £138,286: a total of £950,903 in respect of principal moneys. The profit earned for the year amounted to £61,553, or £4 IBs. Bd. per £100 of the funds invested The cost of management and expenses was nil. Wm. Waddel, Deputy Superintendent. State Advances Office, Wellington, Bth July, 1920.

ADVANCES OFFICE SINKING FUND. The following is a statement showing the advances under this branch authorized during the year ended 31st March, 1920, classified according to provincial districts :— Provincial Advances to Settlers. Numberof Amount of Advances District. Applications. authorized. Auckland .. .. .. .. .. ..130 81,970 Taranaki ... .. .. .. .. ..8 4,530 Hawke'sßay .. .. .. .. .. ..19 10,450 Wellington .. .. .. .. .. ..67 47,100 Marlborough .. .. .. .. .. .. 3 1,550 Nelson .. .. .. .. .. .. 2 1,220 Westland .. .. .. .. .. .. 2 1,400 Canterbury .. ~ .. .. .. ..14 6,030 Otago.. .. .. .. .. .. ..7 4,530 Southland .. .. .. .. .. .. 9 6,245 Totals.. ■-.. '.. .. .. ..261 £165,025 pro™,!,,, Advances to Local Bodies. ol Dmtnct. Applications. authorized. Auckland 34 102,055 T T ? ranakl 3 4,800 Wellington 8 15620 Southland i 3000 Totals 46 £125,475 The amount actually paid over to settlers during the year was £141,335, and to local bodies £52,345 : a total of £193,680. Settlers are now indebted to the extent of £524,304, and local bodies £136,642: a total of £660,946 in respoct of principal moneys. The profits for the year ended 31st March, 1920, amounted to £53,210. The cost of management and expenses was nil. Wm. Waddel, Deputy Superintendent. State Advances Office, Wellington, Bth July, 1920.