3

8.—13

18. The advances paid over, classified according to the tenure of the securities, are as follows:— Number. Amount. On freeholds .. .. .. .. .. 506 994,525 On leaseholds .. .. .. .. .. 91 118,145 On freeholds and leaseholds combined .. .. 19 31,565 Totals .. .. .. .. 616 £1,144,235 19. The advances current are as follows: — . . Number. Amount. £ s. d. Not exceeding £500 .. .. .. 83 28,613 7 4 Exceeding £500 but not exceeding £1,000 .. 207 159,144 10 5 Exceeding £1,000 but not exceeding £2,000 .. 282 438,-363 5 11 Exceeding £2,000 but not exceeding £3,500 .. 258 716,986 12 8 Exceeding £3,500 but not exceeding £5,500 .. 117 532,178 3 1 Totals .. .. .. .. 947 £1,875,285 19 5 20. The advances current, classified according to the tenure of the securities, are as follows Amount Number. s d On freeholds .. .. .. .. .. 771 1,608,383 14 1 On leaseholds .. .. .. .. .. 145 212,171 16 7 On freeholds and leaseholds combined .. .. 31 54,730 8 9 Totals .. .. .. .. 947 £1,875,285 19 5 21. The net profits for the year amounted to £8,009 13s. 22. The cost of management expenses was £971 18s. 5d., being 0-061 per cent., or Is. 3d. per £100, of the capital employed. 23. Bonds to the aggregate value of £1,048,550 were issued during the year. 24. Mortgages and instalments of principal repaid for the year amounted to £19,895 10s. 6d. 25. The amount of interest collected was £56,008 10s. 9d. ADVANCES TO WORKERS BRANCH. 26. During the year the State Advances Board has authorized 2,223 advances amounting to £1,903,035, and the following statement shows the amount authorized in each provincial district t, • . , , , Amount of Advances .Provincial N umber of ~ . , District. Applications. a ™ 1 ' e< ' Auckland .. .. .. .. 888 739,415 Taranaki .. .. .. .. .. 24 15,995 Hawke's Bay .. .. .. .. .. 45 35,430 Wellington .. .. .. .. 933 862,395 Marlborough .. .. .. .. .. 17 10,785 Nelson .. .. .. .. .. 15 11,100 Westland .. .. .. .. .. 10 4,775 Canterbury .. .. .. .. .. 193 144,540 Otago .. .. .. .. .. 70 60,640 Southland 28 17,960 Totals .. .. .. .. 2,223 £1,903,035 27. The advances paid over during the year, classified according to the tenure of the securities, are as follows: — Amount Number. £ On freeholds .. .. .. .. 1,511 1,363,890 On leaseholds .. .. .. .. •• 47 38,575 Totals .. .. .. .. 1,558 £1,402,465