64 



The Condition of the Western Farmer. [342 



XV. MORTGAGES ON LANDS OWNED BY RESIDENTS AND 

 BY NON-RESIDENTS. 



In comparing the figures in this table, we see that while 

 about seventy-seven per cent of the residents have their 

 farms mortgaged, only about fifty-five per cent of the non- 

 residents are similarly encumbered. Again, the residents, 

 owning 53.91 per cent of all the acres, owe almost exactly 

 the same proportion (54.52 per cent) of the debt. Confining 

 ourselves to persons holding mortgaged property alone, we 

 find that residents own 59.29 per cent of all the mortgaged 

 acres, but they owe a somewhat less proportion of the debt, 

 viz. 54.52 per cent. From the next table (XVI.) we see the 

 average size of mortgages and the average debt per acre 

 for each of these classes. Table XIII. has shown us that the 

 average debt against each mortgaged owner in the township 

 is $1517.32, but we see here that the average debt against 

 each mortgaged resident is only $1320.73, while that against 

 each mortgaged non-resident is $1846.90. Similarly, the 

 average debt on each mortgaged acre in the township is 

 $8.78, while that on each mortgaged acre belonging to resi- 

 dents is $8.08, and that on each such acre belonging to non- 

 residents is $9.81. The averages, based on the same distinc- 

 tion, for all residents in the township, whether mortgaged 

 or not mortgaged, are also subjoined. 



