8.—13.

1932. NEW ZEALAND.

STATE ADVANCES OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDED 31st MARCH, 1932.

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

THIRTY-EIGHTH ANNUAL REPORT.

ADVANCES TO SETTLERS BRANCH. 1. During the year the State Advances Board has authorized 783 advances amounting to £571,790, and the following statement shows the amount authorized in each provincial district — „ , Amount of Advances Provincial A Nu , mb ® r of authorized. District. Applications. £ Auckland 336 242,521 Taranaki .. •• •• •• •• 27 17,970 Hawke's Bay .. .. . • • • • ■ 68 31,545 Wellington .. .. •• •• 138 107,702 Marlborough .. .. •• •• •• 7 3,790 Nelson .. •• 15 11,600 Westland .. .. .. •• 8 2,560 Canterbury .. .. .. •• 118 110,222 Otago .. 25 11,355 Southland .. .. . • • ■ • ■ 41 32, 525 Totals 783 £571,790 2. During the year the advances paid over are as follows : — , T , Amount. Number. £ Not exceeding £500 .. .. •• •• 274 78,905 Exceeding £500 but not exceeding £1,000 .. .. 238 181,915 Exceeding £1,000 but not exceeding £2,000 .. .. 93 130,185 Exceeding £2,000 but not exceeding £3,500 .. .. 32 83,240 Totals .. .. .. 637 £474,245 3. The advances paid over, classified according to the tenure of the securities, are as follows :— „ , Amount. Number. £ On freeholds .. .. •• 503 376,680 On leaseholds .. .. •• 122 82,470 On freeholds and leaseholds combined .. .. 12 15,095 Totals ■ 637 £474,245 4. The advances current are as follows : — ~ , Amount. JN umber. £ g Not exceeding £500 .. .. .. •• 14,041 3,083,871 14 2 Exceeding £500 but not exceeding £1,000 .. 7,183 5,147,754 811 Exceeding £1,000 but not exceeding £2,000 .. 4,097 5,296,118 12 3 Exceeding £2,000 but not exceeding £3,500 .. 1,431 4,347,924 1 8 Totals 26,752 £17,875,668 17 0

I—B. 13.