March 12, 1941 (19th Parliament, 2nd Session)

LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

The following reply is furnished by the Canadian farm loan board:
1 and 2.
Year ending Loans granted in
31st March Province of Ontario
No. Amount
1936 .... 700 $1,380,2001937 .... 501 1.044,6001938 .... 418 885,8001939 .... 413 852,6001940 .... 437 934,400
3 and 4. During the period March 31, 1940, to December 31, 1940, the board disposed of 569 applications in the province of Ontario as follows: 247 granted loans for the amount of $529,400. 107 still pending as at December 31, 1940. 322 withdrawn, cancelled or rejected.
5. During the fiscal year ending March 31, 1940, 21 persons were employed in the province of Ontario on a salary basis. In addition, the board employed as and when required 25 part-time appraisers throughout the province on a daily fee basis.
6 and 7. The cost of operations in the province of Ontario for the fiscal year ending March 31, 1940, was $49,087.73 after crediting inspection fees retained amounting to $8,206.63. Included in the cost of operations is a proportion of head office expenses amounting to $10,251.74.

Topic:   QUESTIONS
Subtopic:   CANADLAN FARM LOAN BOARD-ONTARIO LOANS
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