STATE ADVANCES.

Ashburton Guardian, Volume 50, Issue 137, 22 March 1930, Page 7

STATE ADVANCES.

A RECORD YEAR. (Per Press Association.) DUNEDIN, March 21. Speaking at a social gathering of his election committee and supporters the Hon. W. B. Taverner said that though the Government had been in power only a little over a year it could show results of a highly satisfactory nature notwithstanding the many difficulties that had had to he faced. Dealing with the State Advances Department the Minister said that on Deeenimer 10, 1928. when the Government came into office there were ,1971 applications for loans, amounting to £4,168,290, waiting to he dealt with. All those applications had heen disposed of and the arrears overtaken. During the year 9461 additional applications, amounting to £10,478,200 were received. All the applications received during the Government’s first twelve months of office (save a very few exceptions which are receiving attention) had heen dbalt with. The amount paid over for the year totalled £6,347,137—a record since the Act came into force in 1894. In Dunedin eighty-four loans aggregating £<4.340 were authorised to applicants during the twelve months ended February 28. 1930.