80 REPORT OF THE No. 3 



Appendix No. 39 



46 Richmond Street West, 



Toronto, January 6th, 1925. 



The Honourable James Lyons, Minister of Lands and Forests, 

 Parliament Buildings, Toronto, Ont. 



Dear Sir, — I have pleasure in presenting herewith a report of the operations 

 of this Department to the end of October, 1924. 



All applications for loans received careful consideration. Advances in the 

 shape of loans being made on the security of actual improvements to land. 



You will note, with pleasure, the manner in which payments of interest 

 have been met by the settlers, which from the statement you will see amounts 

 to 91.12 per cent, of interest due. 



Settlers have frequently referred to the help the loan has been to them, 

 enabling them to remain on their lots, making improvements. 



All of which is respectfully submitted. 



Yours very truly, 



(Sgd.) F. Dane, 

 Settlers Loan Commissioner. 



MEMORANDUM OF LOANS TO SETTLERS TO OCTOBER 31st, 1924 



Applications 



Total number of applications received to October 31st, 1923 4,485 



Year ending October 31st, 1924 511 



4,996 



Total amount applied for $1,954,460 00 



Average per application 391 20 



Amount applied for under applications which were approved 1,326,420 00 



Loans 



Number of loans issued 3,222 



Equal to 64% of applications. 



Amount granted $1,061,025 00 



Equal to 54% of total amount applied for and equal to 80% of total amount 

 applied for under applications which were approved. . 



Average loan 329 30 



Total acreage covered by liens 492,500 



Acreage improved land 74,355 



Equal to 15% of total acreage. 



Average loan per acre on total acreage $2 15 



Average loan per acre on acreage improved land 14 26 



