ADVANCES TO SETTLERS.

Marlborough Express, Volume XLIII, Issue 269, 15 November 1909, Page 2

ADVANCES TO SETTLERS.

TEN YEARS' PKOEITS

An interesting return has been presented to Parliament, on the motion of Mr H. G. Ell, showing the net profits made by the Advances to Settlers Department for the last ten years, and the disposition of such profits. Following are the figures :— • year 'Net Pr°nts- £. s. d. 189P 52,321 16 1 1900 . ... 14,072 18 9 1901 ! 20 325 11 4 1902 29,452 5 ,5 1903 ... .1 24,906 16 2 1904 ... ... 36 660 1* 6 1905 ~.: ... 34,454 14 7 1906 . ... - 34,047 9 2 1907 44,97112 7 1908 ...... 48,449 1 3 1909 ... ... 63,835 19 ,3

Out,of all these profits loan flotation charges amounting to £209,248 10s 5d were written off, £50,000 was* transferred to reserve fund, £44,189 18s 8d to sinking fund, and the balance (£50,742 15s sd) stands to credit of profit and loss account