206 REPORT OF THE No. 3 



Appendix No. 47. 



46 Richmond St. West, 



Toronto, January 14, 1922. 



To the Honourable, the Minister of Lands and Forests, Ontario. 



Sir, — I have the honour to submit a report of the business of this depart- 

 ment to the end of October, 1921, as follows: 



Total number of applications received for loans, 2,931, applying for 

 $1,162,864, an average of $396.75 per application, each case being considered 

 on its own merits, and loans advanced on the basis of improvements to land. 



The total number of loans granted to settlers was 1,903, amounting to 

 $626,995.00, an average of $329.48. This includes an advance to the Sudbury 

 Co-Operative Creamery Co., Limited, $12,000.00, and a loan of $10,000.00 to 

 Kenora Dairy Co-Operative Association. 



The repayments on account of loans has continued to be very satisfactory, 

 90 per cent, of the payments on account of interest having been made, and 

 96 per cent, of amount due on account of principal. Some loans have been paid 

 in advance. It is just a question if this good showing will continue, as a num- 

 ber of conditions are not just so favourable as in the past years, but there is 

 a sincere effort on the part of the settlers to live up to the terms on which the 

 loans were advanced. 



Recently there have been a large number of applications received — no 

 doubt, due to the fact that settlers are forced to devote more time on their 

 own lots. Lack of other employment that formerly engaged their attention, 

 and that furnished quicker cash returns, is the reason. 



Beg to direct your attention to the attached memorandum, giving details 

 of operations carried on, and it's a pleasure to be able to report that settlers 

 continue to express their appreciation for the loans received through this de- 

 partment, acknowledging the help it has been to them in many ways, par- 

 ticularly by enabling them to clear up land. 



(Sgd.) F. Dane, 



Settlers' Loan Commissioner. 



Memorandum of Settlers' Loans to October 31st, IQ21. 



Applications. 



Total number of applications received 2,931 



Total amount applied for $1,162,864.00 



Average per application $396 . 75 



Amount applied for under approved applications $785,730.00 



Loans. 



Number of loans issued ' 1,903 



Equal to 65% of applications. 

 Amount granted $626,995 .00 



Equal to 54 % of total amount applied for and 



Equal to 80% of total amount applied for under approved applications. 



Average loan $329.48 



Total acreage covered by liens 292,732 



Acreage improved land 40,045 



Equal to 13 . 7% of total acreage. 



Average loan per acre on total acreage $2.14 



Average loan per acre on acreage improved land $15 • 66 



Note. — Figures, except averages include application for, and loan of $12,000.00 

 to Sudbury Co-operative Creamery Co., Ltd., and $10,000.00 to Kenora 

 Dairy Co-operative Association. 



