XX 
Tenth Annual Report of the 
Sums lent. 
Number and 
amount of 
loans com- 
pleted ; total 
instalments, 
including 
interest, 
paid ; and 
number and 
amount in 
arrear. 
Proceedings 
taken against 
defaulters. 
Arrears of 
loans deemed 
irrecoverable. 
Particulars 
thereof. 
advance to the whole value of a new boat, minus one-tenth. 
The rules as finally issued bear date 22od February 1888, 
and the first loan was made on the 26th of March following. 
Down to the 31st of December 1889 the total sum advanced 
amounted to £20,926, 6s. 7d. By the 31st of December 1890 it 
had reached £29,443, 16s. 7d., but at the end of the year it was 
decided that no further loans should be made in the meantime. 
The last loan was made on the 23rd of January 1891, and at the 
31st of December of that year the total sum advanced amounted 
to £30,111, 16s. 7d. Of this sum instalments (including interest) 
amounting to £15,433, IBs. 4d. have fallen due, of which there 
has been repaid £10,282, 8s. 10d., and £5155, 19s. 8d. is in 
arrear. 
Appendix F„ No. I., is a return showing the number of loans 
carried out in each crofting fishery district, the amount paid over, 
and the total instalments paid, including interest, from the date on 
which the Crofters Holdings (Scotland) Act, 1886, was given effect 
to, till 31st December 1891, together with the number and amount 
of instalments in arrear. 
The Board greatly regret that there is such a large amount of 
arrears to be reported. Every endeavour has been made, both by 
taking legal proceedings and otherwise, to reduce them, but with 
very poor results, even in cases where the Board had reason to 
believe that the borrowers were in a position to pay the instal- 
ments of the loans as they fell due. In many cases the Board 
have had to pay heavy legal and other expenses, not only in carry- 
ing out prosecutions but in taking possession of the borrowers' 
boats (some of which were abandoned and left uncared for) in 
order to avoid almost a total loss. In one or two instances these 
expenses have exceeded the net proceeds of sale carried to the 
borrowers' account ; and in almost every instance, after they have 
been credited with the net proceeds, a considerable balance remains 
to be met, which the Board deem irrecoverable, regarding which see 
Appendix F., No. II. 
This Appendix is a return of arrears of loans granted on security 
of boats mortgaged to the Board, deemed to constitute bad debts, 
as at 31st Dec. last, to write off the principal of which against 
the Local Loans Fund the authority of Parliament is required 
by section 15 (2.) of the National Debt and Local Loans Act, 1887 
(50 Vict. cap. 16). It shows the fishery districts in which the loans 
referred to therein were made ; the number of borrowers in each 
case; the dates when the loans were granted, the amounts of 
these loans; the amounts repaid by the borrowers; the expenses 
incurred in prosecution of delinquents, taking possession of and 
selling boats, the dates when the boats were abandoned, surrendered, 
taken possession of, or wrecked ; the dates when the boats were 
sold ; the amounts realized by sales or recovered from the Insurance 
Company ; the net proceeds of sale credited to borrowers'accounts ; 
the outstanding balances, exclusive of interest, considered irrecover- 
able ; and the ground on which the arrears of loans are deemed to 
constitute bad debts. 
