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1929. NEW ZEALAND

STATE ADVANCES OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDED 31st MARCH, 1929.

Laid before. Parliament pursuant to Subsection (3) of Section 64 of the State Advances Act, 1913.

THIRTY-FIFTH ANNUAL REPORT. ADVANCES TO SETTLERS BRANCH. 1. During tlie year the State Advances Board has authorized 1,288 advances amounting to £1,242,605, and the following statement shows the amount authorized in each provincial district: — Provincial Number of Amount of Advances DS: Applications. authored. Auckland .. .. .. .. .. 608 545,985 Taranaki .. .. .. .. .. 96 114,405 Hawke's Bay ... .. .. .. .. 44 47 525 Wellington .. .. .. .. .. 218 237^460 Marlborough .. . . . . .. . . 14- 10 230 Nelson .. .. .. .. .. 45 31,290 Westland . . . . . . . . .. 17 g 085 Canterbury .. .. .. .. 136 1.3.3'670 Otago.. .. .. .. .. .34 37,790 Southland .. .. .. .. .. 76 76,165 Totals .. .. .. .. 1,288 £1,242,605 2. During the year the advances paid over are as follows: — Number. Amount. Not exceeding £500 .. .. .. .. 296 89,785 Exceeding £500 but not exceeding £1,000 .. .. 262 167,575 Exceeding £1,000 but not exceeding £2,000.. .. 178 266,810 Exceeding £2,000 but not exceeding £3,500.. .. 87 209,945 Totals .. .. .. .. 823 £734,115 3. The advances paid over classified according to the tenure of the securities, are as follows. Number. Amount. On freeholds .. .. .. .. 627 621,060 On leaseholds .. .. .. .. .. 179 96,005 On freeholds and leaseholds combined .. .. 17 17,050 Totals .. .. .. .. 823 £734,115 4. The advances current are as follows :— . , Number. ount - , i s. d. Not exceeding £500 .. .. .. .. 14,129 3,066,074 8 5 Exceeding £500 but not exceeding £1,000 .. 6,232 4,659,403 17 1 Exceeding £1,000 but not exceeding £2,000 .. 3,666 4,837,748 9 4 Exceeding £2,000 but not exceeding £3,500 .. 1,241 4,179,097 15 10 25,268 £16,742,324 10 8

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