IvAND SETTLEMENT AND THE PROVISION OF CREDIT 



83 



Table VII. — Operations of agricultural bank 1910-14. 



With the wider objects for which the bank now grants loans, the 

 greater maximum advance made possible by the amended (1912) Act, 

 and above all owing to the greater number of settlers, the operations of 

 the bank have steadily increased during recent years. 



Purpose Of the bank loans. -■ Advance?; may be made for effecting 

 certain improvements already referred to, and also to a more limited 

 extent for the purchase of stock or implements. Advances may also be 

 made to lift existing mortgages to private institutions to an amount not 

 exceeding three fourths of the value of the improvements already made on 

 the holding, but purchase money is not regarded as a liability under the 

 Act. The following table shows the various purposes to which bank ad- 

 vances were applied during the year ending June 1913. The last column 

 of the table shows the total amount which had been expended on the 

 several objects up to date. 



Table VIII. — Purposes to ivhich hank advances were applied. 



The amotmt s])ent on the development or improvement of farms 

 co\-ered a variety of items. As usual the estimated value of the improve- 



