B—l3,

1940. NEW ZEALAND.

STATE ADVANCES CORPORATION OF NEW ZEALAND. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1940.

Laid before both Houses of the General Assembly of New Zealand 'pursuant to Subsection (2) of Section 43 of the State Advances Corporation Act, 1934-35, and Subsection (2) of Section 42 of the State Advances Corporation Act, 1936.

Part I.—General. 1. Interest-rates and Terms of Lending .. .. .. .. .. .. 5 2. New Business .. .. .. .. .. .. .. ~ 5 3. Trade and Industry in New Zealand .. .. .. .. .. ~ .. 6 4. Valuation of Securities .. .. .. .. .. .. ..6 5. Overseas Lending Institutions .. .... .. .. .. .. 7 6. Treatment of Timber as a Protection against Deterioration and Timber Pests .. 7 7. Mortgagors and Lessees Rehabilitation Act, 1936 .. .. .. .. 8 8. Soldiers' Financial Assistance Board .. .. .. .. .. .. .. 8 9. Revenue Accounts and Balance-sheet.. .. .. .. .. .. 8 10. Staff .. .. .. .. .. .. .. .. ~ 10 Accounts and Auditors Report .. .. . . .. .. .. ..11 Part ll.—Operations under Housing Act, 1919. 1. Report of Director of Housing Construction .. .. .. .. .. 12 2. Balance-sheet and Revenue Accounts .. .. .. .. .. .. 14 3. Accounts and Auditors' Report .. .. .. .. . , 15, 16, 17