GOVERNMENT ADVANCES TO SETTLERS OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDING 31st MARCH, 1899.

Appendix to the Journals of the House of Representatives, 1899 Session I, B-13

8.—13

1899. NEW ZEALAND.

GOVERNMENT ADVANCES TO SETTLERS OFFICE (REPORT BY THE SUPERINTENDENT OF THE) FOR THE YEAR ENDING 31st MARCH, 1899.

Presented to both Homes of the General Assembly by Command of His Excellency.

T:S "an bec P a2thTed and £ became necessary to withdraw the money lodsecl with the Pnblio Trust Office in respect of loans repaid and deposits made in reduction of loans This Public lrust umce miebp y reinvested, funds were provided by the ¥SSS 1 in Wl6o Xln Anticipation of-the balance of the loan or a part thereof £fne subsZently floated. This amount has not been drawn upon to a larger extent than " C The ■ZSnViritie, %%s3££A~ of -« «lv» te ge v, the office b t ? o »y property which w» in d.nger of detenor.t.on tough ° eSle Cm l) £ f S.° g »tt l ,ched it will be see. that the Bo.rd had, .p to the 81,. M«eh, 1899, valued at td,/o»,a»w, auu ~,-,:, & re( j U ced by the periodical repayments of principal. The 7 P waß 9,032, Uan aggregate amount of £t2,95 The 2 c 8 ontribution payable to the Valuation Department will be £2,500 this year, the Advances t0 pSo£ f ago the contribution to that be mcreLd from £500 to £700. The expense of audit has also been 3lBt MarCh ' 1898 ' £17 'T°he manner in which instalments continue to be met by mortgagors is highly satisfactory, and \~?°»"»fs,K™ , X«^S'£*Sp^, o lft, , »aai»io»»l mm »i..d for ravestment oStfxKferiitvSStKiT* to meet',., lit, in „„*.. of taM "S±SittrS|S S Ma™%f d F " JO=» MO G ow M , Supenntende.,

8.—13

■A

Purposes for which the Advances appear from the Applications to be required, classified according to Provincial Districts, to 31st March, 1899.

For For converting converting i Leasehold Leasehold ; into Freehold, into \ and for IraFreehold. I provements I and Stock. * Provincial District. For releasing Mortgage. For releasing Mortgage, and for Improvements. For releasing Mortgage, and for Stock. For releasing Mortgage, and for Stock and Improvements. For Purchase of other Land. For paying Balance of Purchasemoney, and for Improvements. For improve- *£$£? ments. prove ments. Not stated in Application. Totals. I £ £ £ £ £ £ £ £ £ £ £ £ Auckland 150,676 141,111 7,660 9,760 18,375 37,185 10,590 17,720 119,858 24,753 4,425 542,023 Taranaki 102,965 70,740 7,975 2,050 6,695 32,131 10,326 8,769 57,855 14,935 3,915 318,356 Hawke's Bay 74,610 34,560 1,385 3,320 8,175 10,722 450 2,445 53,538 5,655 2,840 197,700 Wellington 230,303 168,578 6,940 7,000 24,415 58,437 25,165 20,396 156,878 28,710 6,695 733,517 Marlborough 39,470 23,015 935 150 5,355 11,655 150 5,820 16,090 1,187 1,270 105,097 Nelson 30,555 17,155 860 3,800 800 4,130 820 1,255 8,440 2,740 650 71,205 Westland 16,165 7,970 670 350 1,430 2,835 250 1,040 11,100 1,615 350 43,775 Canterbury 121,801 18,297 1,600 480 2,777 17,983 30 5,105 41,821 6,523 1,830 218,247 Otago and Southland 349,863 124,440 6,185 2,930 20,760 66,369 8,925 30,986 89,429 19,631 10,090 729,608 Totals.. 1,116,408 605,866 34,210 29,750 88,782 241,447 56,706 93,536 555,009 105,749 32,065 2,959,528

8.—13.

Applications for Loans received to 31st March, 1899, classified according to Provincial Districts.

3

I Freeholds. For Loans Leaseholds. For Loans Freeholds with Lei For] : combined useholds. joans T01 jals. Provincial District of Not exceeding £500. Over £500. Not exceeding £500. Over £500. Not exceeding £500. Over £500. o fcH-rl a Or* rt ill S5 Amount of Loans applied for. No. Amount. No. Amount. No. Amount. No. Amount. No. Amt. No. Amount. £ £ £ £ £ £ £ LUckland 1242 235,598 201 215,655 481 59,815 21 23,550 19 3,455 3,950 1,969 542,023 'aranaki 406 105,179 107 126,952 388 60,385 20 17,165 4 1,175 7,500 931 318,356 lawke's Bay 351 70,795 64 64,140 258 39,970 10 19,450 1,870 1,475 696 197,700 Vellington 667 174,138 305 364,847 978 137,867 52 46,985 7 1,900 7,780 2,016 733,517 larlborough 135 27,630 42 52,275 "37,925 89 10,577 1 400 13 1,815 12,400 288 105,097 lelson 102 21,570 30 44 5,060 3,100 i 1,350 2,200 186 71,205 Vestland 132 23,065 18 14,575 18 3,835 1,300 1,000 174 43,775 Janterbury .. 207 39,390 97 126,313 508 47,848 2 1,770 5 926 1 2,000 820 218,247 )tago and Southland .. 951 232,426 378 396,909 559 69,588 16 11,600 37 9,465 11 9,620 1,952 729,608 Totals 124,020 99 23,256 47,925 9,032 2,959,528 4193 929,7911 1242 1,399,591 3323 434,945 1132 43

8.—13

Advances authorised to 31st March, 1899, classified according to Provincial Districts.

4

Authorised on Freehold Securities on Applications. Authorised on Leasehold Securities on Applications. Authorised on combined Freehold and Leasehold Securities on Applications. Totals. Provincial Districts. Not exceeding £500. Amount authorised. Exceeding £500. Amount authorised. Not exceeding £500. Amount A ™?S* ™»"* j AST Exceeding £500. Amount authorised. No Amount A N Amount required., required. Not exceeding £500. I Exceeding £500. Number of Applications. Amount Amount of applied Advances for. authorised. No. Amount required. No. Amount required. No. N Amount ' required. Amount authorised. £ I £ £ £ £ £ £ £ £ £ £ £ £ £ Auckland 891 172,976 159,452 153 157,435 134,780 255 37,015! 29,018 14 14,620 11,195 12 2,545 j 2,390 5 3,585 3,150 1,330 388,176 339,985 Taranaki 414 102,954 97,215 100 111,868 92,790! 306 44,580| 35,775' 13 12,945 10,850 5 1,760 1,570 5 5,500 5,450 843 279,607 243,650 Hawke's Bay .. 305? 64,140 59,730 59 57.86E 51,175 168! 26,390; 21,000' 8 6,750 5,650 5 1,220 j 920 1 825 825 546 ! 157,190 139,300 Wellington 61lj 165,062 151,883 301 326,405 292,770 745 115,3751 91,510 31 39,355 24,145 15 3,945 2,970 6 8,950 6,835 1,709 659,092 570,113 Marlborough 11*| 24,487 22,425 27 31,330 28,120; 51 6,995 5,865 10 1,665 ! 1,640 9 13,950 12,750 211 78,427 70,800 Nelson 103; i 20,950 19,520 20 22,95C 19,175; 14 1,650 1,460 2 600 j 600 139 46,150 40,755 Canterbury .. • 171 35,347 32,000 75 101,895 83,175! 367 36,412 26,625 ! 8 923 I 845 621 174,577 142,645 Westland 76[ i 15,385 13,960 8 6,45C 5,600 8 l,27o| 1,090 3 900 ! 745 95 24,005 21,395 Otago and Southland 827 204,993 183,275 308 1 316,313 270,190 379 48,285 32,947 .8 5,850 3,685 24 7,940 : 6,195 10 9,530 8,490 1,556 592,911 504,782 Totals I i i ! ! 3512! 806,294| 739,460 10511,132,511 977,775 2293 317,972! 245,2901 74 79,520 55,525 84 21,498 | 17,875 36 42,340 37,500 7,050 2,400, lSSJ 12,073,425

8.—13

Advances authorised to 31st March, 1899.

5

Freehold Security. Leasehold Security. Freehold and Leasehold combined. No. Amount of Advance. Value of Security. No. Amount of Advance. Value of Security. No. Amount of Advance. Value of Security. £ £ £ £ £ £ £ £ £ £ £ Advances not exceeding £100 1,130 84,740 230,994 1,684 109,721 ! 280,709 20 1,785 4,761 Less declined 91 6,805 20,737 82 5,720 19,893 2 165 530 1,039 77,935 210,257 1,602 104,001 —: 260,816 -18 1,620 4,231 Advances exceeding £100 but not exceeding £300 1,663 352,082 866,878 515 102,795 248,783 47 9,585 6,408 Less declined 234 51,505 120,782 35 6,770 21,620 8 1,560 530 1,429 300,577 746,096 480 96,025 j 227,163 39 8,025 5,878 Advances exceeding £300 but not'exceeding £500 803 335,670 723,052 111 46,850 117,124 15 6,185 14,556 Less declined 131 54,375 112,291 13 5,350 15,157 1 415 714 . 672 281,295 610,761 98 41,500 101,967 14 5,770 13,842 Advances exceeding £500 but not exceeding £750 389 243,370 499,435 30 17,779 45,299 15 8,545 15,942 Less declined 86 56,040 119,380 2 1,300 3,492 2 1,200 3,781 Advances exceeding £750 but not exceeding £1,000 _ 303 187,330 380,055 28 16,479 41,807 — 13 7,345 12,161 229 203, 505 423,131 14 12,100 25,056 11 10,025 25,577 Less declined 55 49,345 107,539 3 2,800 8,970 1 900 1,530 174 154,160 315,592 U- i. 9,300 i fi nftfi 10 9,125 24,047 Advances exceeding £1,000 but not exceeding £3,000 349 497,868 980,608 13 11,570 30,626 12. 19,250 39,564 Less declined - j 124,695 249,899 1 2,000 6,080 2 3,335 6,179 270 373,173 730,709 12 I 9,570 24,546 10 '15,915 33,385 Total amount granted on 6,: 122 applications, £1,699,145. Total value of securities, £3,759,399.

8.—13

6

Advances authorised on Fixed Loans, classified according to Provincial Districts, to the 31st March, 1899.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE. Statement of the Liabilities and Assets at 31st March, 1899.

Statement of Profit and Loss Account for the Year ending 31st March, 1899.

Not exceeding £500. Exoeeding £500. Total. Provincial Districts. jt Amount of Value Mortgage, of Security. „ Amount of Value Mortgage, of Seourity. -», Amount of Value Mortgage, of Security. Auckland Taranaki Hawke's Bay Wellington Marlborough Nelson ... Westland Canterbury Otago and Southland 17 6 9 17 £ 2,260 1,260 2,400 3,470 £ 6,710 4,809 5,754 11,360 2 3 1 10 £ 1,400 2,250 700 8,085 £ 3,051 6,254 1,857 19,676 19 9 10 27 £ 3,660 3,510 3,100 11,555 £ 9,761 11,063 7,611 31,036 2 5 2 35 150 570 725 7,985 393 1,757 1,647 19,899 1 4 550 6,480 1,124 14,857 2 5 3 39 150 570 1,275 14,465 393 1,757 2,771 34,756 93 18,820 52,329 21 19,465 46,819 114 38,285 99,148 Note. —The figures suppl: imbodied therein. ied in this r< iturn are n< it to be read as in addition to thi preceding tables, being

Db. Liabilities. £ s. d. i-per-cent. loan, redeemable 1st Anril, 1945 .. .. .. .. 1,500,000 0 0 3ank of England temporary advances 150,000 0 0 Jonsolidated Fund advances.. .. 7,000 0 0 Suspense Account .. .. .. 1,648 4 5 iccrued interest payable .. .. 1,656 0 6 'roflt and Loss Account .. .. 12,321 16 1 Ob. Assets. Investment Account— Advances on mortgages .. .. £1,638,580 0 0 Less repayments 203,751 1 9 £ s, d. i,aot,oao J.O o Temporary investments, Bank of New Zealand gnarantefd stock Sinking Pund Investment Account with Public Trustee Mortgage instalments receivable —overdue .. Interest receivable—overdue.. „ accrued Loan-flotation charges Cash in hand and in bank 4,836 17 0 31,589 16 1 876 11 10 3,907 7 10 16,877 8 5 105,897 7 5 73,811 14 2 * £1,672,626 1 0 £1,672,626 1 0

Db. 'o Balance at 31st March, 1898.. Management Expenses Account Balance £ s. d. 5,276 0 10 4,814 8 11 12,321 16 1 Ob. £ s. d. By Management Account, interest, gross profits .. .. .. .. 22,412 5 10 £22,412 5 10 £22,412 5 10 £22,412 5 10

8.—13.

Statement of Management Account for the Year ending 31st March, 1899.

Statement of the Total Receipts and Expenditure for the Year ending 31st March, 1899.

7

Db. £ s. d. £ s. d. 'o Valuation-fees paid to Valuers .. .. 204 15 6 Valuation-fees refunded 140 4 1 Registration-fee refunded 12 0 Printing and stationery 159 8 3 Travelling-expenses .. 6 14 4 Advertising .. .. 28 15 0 Law-costs .. .. 14 4 4 Salaries .. .. 2,564 18 9 Rent and lighting .. Ill 15 7 Audit Department .. 75 0 0 Registering mortgages 33 15 0 Unauthorised expenditure .. .. 27 10 8 Post-Office .. .. 500 0 0 Telegrams .. .. 37 4 6 Sundries .. .. 149 13 6 Insurance premiums .. 29 16 0 Valuation Department 2,784 11 8 — 6,869 9 2 Ob. £ s. d. £ s. d. By Valuation-fees received 1,697 7 6 Receipts for mortgageforms .. .. 104 18 0 Release and consent fees 114 3 0 Production-fees .. 38 15 6 Unauthorised expenditure, 1897-98, refunded 99 16 3 2,055 0 3 Balance of management expenses transferred to Profit and Loss Account .. .. .. .. 4,814 8 11 6,869 9 2 Intebest. Interest paid on loan, £1,500,000 .. 45,000 0 0 Interest paid on repayments £213 2 8 Less accrued at Mar. 31, 1898 91 10 6 Intebest. Interest received on £ s. d. mortgages .. .. 64,819 5 6 Interest received on temporary investments,&c. 2,807 3 6 67,626 9 0 Less accrued at 31st March, 1898 .. 18,989 11 1 121 12 2 Interest on Consolidated Pund advances .. 231 15 8 Interest on repayments accrued at 31st March, 1899 .. .. 193 7 2 Interest on Bank of England advances, accrued at 31st March, 1899 .. .. 1,462 13 4 48,636 17 11 Interest receivable — overdue .. .. 3,907 7 10 Interest receivable—accrued at 31st March, 1899 .. .. 16,877 8 5 69,421 14 2 47,009 8 4 53,878 17 6 Balanoe of interest transferred to Profit and Loss Account .. .. 22,412 5 10 £76,291 3 4 £76', 291 3 4

De. Receipts. 'o Cash in hand at 31st March, 1898 .. Mortgage instalments and deposits Advances from Consolidated Fund Valuation-fees Release and consent fees.. Mortgage-forms Interest on mortgages Interest, Bank of New Zealand Interest on temporary investments Interest on Funds deposited with Public Trustee Public Trustee refund of Funds deposited Bank of England temporary ad- £ s. d. 34,230 8 5 104,473 11 1 24,000 0 0 1,697 7 6 114 3 0 104 18 0 64,821 15 4 703 0 11 926 14 7 1,177 8 0 171,284 13 10 Ob. Expenditure. By Advances on mortgages Public Trustee, Sinking Fund investment Valuers' fees Valuation-fees refunded Printing and stationery Travelling-expenses Advertising ?. Law-costs Post-Office Valuation Department Salaries Rent and lighting Audit Department Registering mortgages Unauthorised expenditure Telegrams Sundries Interest refunded Interest on Consolidated Fund advances Interest on repayments Interest on loan.. Refunds to Consolidated Fund Suspense Account Insurance premiums Registration-fee refunded Cash in hand at 31st March, 1899.. £ s. d. 281,540 0 0 104,473 0 2 204 15 6 140 4 1 159 8 3 10 12 10 28 15 0 37 6 4 500 0 0 2,784 11 8 2,564 18 9 111 15 7 75 0 0 33 15 0 27 10 8 39 6 6 225 16 11 2 9 10 231 15 8 213 2 8 45,000 0 0 41,500 0 0 5,911 1 8 119 9 1 12 0 73,811 14 2 vances Suspense Account Unauthorised expenditure, 1897-98, refunded Travelling-expenses refunded Sundry receipts Insurance premiums refunded Production-fees Solicitors' costs refunded Telegrams refunded 150,000 0 0 5,880 0 11 99 16 3 3 18 6 76 3 5 89 13 1 38 15 6 23 2 0 2 2 0 £559,747 12 4 £559,747 12 4 £559,747 12 4

8.—13

8

Statement of Consolidated Fund Account at 31st March, 1899.

John McGowan, Superintendent. Government Advances to Settlers Office, P. Heyes, p.s.a.a. Bng., Wellington, 10th May, 1899. Accountant. Examined and found correct. J. K. Warburton, Controller and Auditor-General. Approximate Cost of Paper.— Preparation, not given; printing (1,625 copies), £5 lis.

By Authority: John Mackay, Government Printer, Wellington.—lB99. Price 6d.]

Db. 1898. Lpril. To Cash refunded tfay. fune. ruly. tug. )ot. tfov. 5eo. 1899. an. ■larch. „ 31. Balance £ s. d. 2,000 0 0 3,000 0 0 5,000 0 0 5,000 0 0 9,500 0 0 1,000 0 0 4,500 0 0 4,000 0 0 6,000 0 0 1,500 0 0 7,000 0 0 Ob. 1898. March 31. By Balance Sept. Cash advance 1899. March. » £ a. d. 24,500 0 0 15,500 0 0 8,500 0 0 £48,500 0 0 £48,500 0 0