Transfer of Mortgages. In accordance with Orders in Council issued pursuant to section 36 of the State Advances Corporation Act, 1934-35, discharged-soldiers-settlement mortgages were transferred during the year to the State Advances Corporation of New Zealand. The dates of transfer from each land district, the number of mortgages transferred, and the amount secured are shown in the following table :

C.—9.

The total of £11,526,050 ss. 2d. has been met byCorporation 3| per cent, stock issued to Minister of Finance— £ Redeemable Ist August, 1960 .. .. 1,260,000 Redeemable Ist August, 1963 .. .. 1,500,000 Redeemable Ist August, 1966 .. .. 1,500,000 Redeemable Ist August, 1969 .. .. 1,500,000 Redeemable Ist August, 1972 .. .. 1,500,000 Redeemable Ist August, 1975 .. .. 1,500,000 £ s. d. 8,760,000 0 0 Charge to Contingent Liability Corporation to Crown .. 2,766,050 5 2 £11,526,050 5 2 It is proposed that draft legislation providing for the disposal of the remaining assets and for the winding-up of the Discharged Soldiers Settlement Account should be introduced.

3

Current Account. Dwellings. Farms. X otal Date of Transfer. Land District. j Miscellaneous. i Number. Amount. Number. Amount. Number. Amount. Number. Amount. £ s. d. £ »■ d. £ ?s. d. £ s. d. £ s d 30th September, 1936 .. .. Wellington.. .. .. 545 304,801 15 1 1,830 892,459 11 3 678 792,528 15 10 Or 901 0 8 3 053 1 988 889 1 6 31st October, 1936 .. .. Gisborne .. .. .. 63 37,550 4 7 217 104,277 5 1 161 150,840 1 2 119 5 3 '441 '292'786 16 1 31st October, 1936 .. .. Hawke's Bay .. .. 191 148,933 11 6 506 242,924 9 9 330 329,431 11 8 40 16 9 1 027 72l's30 9 8 31st October, 1936 .. .. Canterbury.. .. .. 242 138,252 16 0 1,545 682,921 11 11 795 855,572 15 6 113 4 7 2'582 1 676'<*60 8 0 30th November, 1936 .. .. Taranaki .. .. .. 242 116,185 10 0 452 210,429 16 9 549 646,405 12 0 507 8 0 l'243 '973*528 6 9 31st January, 1937 .. .. "North Auckland .. .. 546 304,765 6 1 2,291 1,130,503 4 8 1,081 1,161,158 8 11 615 8 3 3*918 2 597' 042 7 11 31st January, 1937 .. .. Auckland .. .. .. 576 335,11-5 11 0 606 271,721 8 9 1,079 930,397 0 5 540 18 6 2'261 1W774 18 8 28th February, 1937 .. .. Otago .. .. .. 100 49,671 6 8 537 192,285 1 4 302 287,335 0 6 77 16 4 '939 '™'w 1 in 28th February, 1937 .. .. Southland .. .. .. 153 74,737 15 6 231 76,241 8 6 298 346,689 18 3 21 3 0 68° 497'fiQO 5 '! 30th March, 1937 .. .. Marlborough .. .. 60 21,043 11 0 139 58,924 9 2 137 185.765 9 7 Or 484 9 5 336 265'f4_q a a 30th March, 1937 .. .. Nelson .. .. .. 134 43,747 15 1 86 32,776 15 3 366 266,446 8 3 8 10 1 586 34»'q79 8 8 30th March, 1937 .. .. Westland .. .. .. 32 17,211 1 3 45 13,762 4 2 81 71,601 16 0 Gr. 25 3 11 158 17 6 Totals •• 2,884 1,592,016 3 9 8,485 3,909,227 6 7 5,857 6,024,172 18 1 633 16 9 17,226 11.526.050 5 2