1917-18 DEPARTMENT OF LANDS, FORESTS AND MINES. 93 



LoAxs TO Creameries^ etc. 



While a number of enquiries have been made and considerable correspondence 

 carried on, the only loan issued of this nature, has been to the Sudbury Co- 

 operative Creamery Co., Ltd., in an amount of $12,000.00. This was granted 

 in July, 1918, and has apparently placed the institution on a good working basis; 

 their operations having been carried on successfully during the year and the 

 prospects are good for much better results in 1919, and consequently a greater 

 benefit to the dairy industry, in the district served by the creamery. Other 

 loans to creameries, cheese factories, and grist mills no doubt will be required, 

 as there are a number pending, but matters are not yet in shape for the suljraission 

 of formal applications. 



In conclusion would direct your attention to attached detailed statement and 

 would say that the general benefits derived by settlers from their ability to receive 

 small loans from the Department on easy terms has often been expressed by 

 individual settlers and is self evident from their improved conditions. 



MEMORANDUM OF APPLICATIONS RECEIVED AND LOAN'S ISSUED 

 TO OCTOBER 31st, 1918. 



Applications. 



Number of applications received 1,840 



Amount applied for $711,755 00 



Average per application $380 51 



Loans. 



Number of loans issued 1,306 



Amount granted $419,286 00 



Average loan $312 lO 



Total .acreage covered by liens 200,254 



Total acreage improved land 27,585 



Note.— Figures, except averages, include application for and loan of 

 $12,000.00 to Sudbury Co-operative Creamery Co., Ltd. 



Repayments. 



Accrued interest due $25,282 38 



Accrued interest received 22,683 23 



Payments on principal due 29,315 48 



Payments on principal received 29,020 63 



Total amount of loans and accrued interest outstanding, $392,864.52. 



Yours very truly. 



F. Dane, 

 Selllers' Loan Commissioner. 



7 L.M. 



