208 



REPORT OF THE 



No. J 



loans have been met; being 89.16% on account of interest, and 90.83% on 

 account of principal. The repayments on principal include some loans paid in 

 advance. 



From information received from the several districts, the Department 

 learns that settlers are giving more attention to the development of their own lots 

 than in former years, and seem more anxious than ever to get themselves in a 

 position to carry stock. 



During the year there have been many expressions of appreciation of the 

 service that the loan has been to settlers. 



All of which is respectfully submitted. 



F. Dane, 

 Settlers' Loan Commissioner. 



Memorandum of Settlers' Loans to October 31st, 1922. 

 Applications. 



Total number df applications received 3,871 



Total amount applied for $1,554,800.00 



Average per application 392 .47 



Amount applied for under approved applications 1,070,810.00 



Loans. 



Number of loans issued 2,549" 



Equal to 66% of applications. 



Amount granted $860,235 . 00" 



Equal to 55% of total amount applied for and 



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



Average loan $323 . 40" 



Total acreage covered by liens 387,443 



Acreage improved land 56,120 



Equal to 14% of total acreage. 



Average loan per acre on total acreage $2.12 



Average loan per acre on acreage improved land $14 . 66' 



Note. — Figures, except averages, include application for, and loan of $24,000.00 to 

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

 Co-operative Association, and $3,500.00 to the Producers Co-operative 

 Creamery Co., Ltd., Lavallee, Ont., District of Rainy River.. 



Repayments. 



Accrued interest due $122,028. 78 



Accrued interest received 108,812.29 or 89. 16% 



Payments on principal due 278,273 . 16 



Payments on principal received 252,759 . 23 or 90 . 83% 



Total payments due 400,301 . 94 



Total payments received 361,571 .52 or 90.32% 



Details of Loans Issued and Outstanding. 



District. 



No. of 

 Loans. 



Amount. 



Unpaid Principal 

 and Accrued Interest. 



Algoma 



Kenora 



Manitoulin . . 

 Nipissing. . . . 

 Rainy River. 



Sudbury 



Temiskaming 

 Thunder Bay 



Totals. . 



72 

 257 



10 

 140 

 204 

 136 

 1,083 

 647 



$22,460.00 



94,120.00 



3,850.00 



49,545.00 



67,350.00 



75,500.00 



336,705.00 



210,705.00 



2,549 



$860,235.00 



$19,965.73 



74,732.48 



3,800.00 



39,821.12 



45,911.56 



61,623.18 



223,320.87 



151,517.32 



$620,692.26 



