REHABILITATION LOANS

Bay of Plenty Beacon, Volume 09, Issue 21, 6 November 1945, Page 7

REHABILITATION LOANS

MORE THAN £11,000,000 SLIGHT DROP IN SEPTEMBER Reaching a grand total of 16 ? 97G' ? rehabilitation, loans authorised until the end of September were to an over-all value of says the monthly statistical review issued by the Rehabilitation Board. Of this amount £825,785 was authorised during September itself ? the. number of ex.servicemen and women so assisted being 1083. This showed a slight decrease over the amount lor (August which was £845,351. Of I > the loans authorised until the end of September was for returned -servicemen £844.3 for returned servicewomen, £4.11,846 for discharged home-service £12,122 for merchant seamen and £74 055 for dependants of deceased servicemen. Of those assisted 15 ? 4G9 apart from merchant seamen had seen service, overseas. During September 79 returned servicemen and one discharged home serviceman were assisted by way of loan authorisations to purchase farms of their own, bringing the number of those so-aided until the end of that month to 1197. The value of the 80 September authorisations was £278,680 ? making the total value of farm loans £4,083,969, for the assistance of 1165 returned men 28 homeservieemen, three merchant seamen and one dependant ot a deceased serviceman. j There, was a continued steady de„| mand during September for loans to build; and buy houses, there being 146 of the former valued at £203, 8-65 f and 232 of the latter to the value of £242 546 or 378 housing loans ki all worth' £446,411,, -as compared with 391 (£457,468) 'for the previous month. Housing loans so far authorised (until September 30) were thus brought to their total value being £5 f 418,168, including 2586 interest free supplementary loans worth £405,0;)1, meant to bridge the. gap between normal lending values and present day costs. There were 235 of these in-terest-free loans (£35,508) advanced during September. Loans to set up in business -were authorised during September to a further 98 returned men and eight, ex-homeservicemcn, their total value being £55 364. Until the end of September 1955 ex-servicemen and women had been so assisted at a cost of £923,546. Of these, 1782 were returned men, two were returned servicewomen, 165 discharged homeservice personnel, three merchant seamen and three deceased servicemen's dependants. Another 487 interest-free loans up to £100 each for the purchase of furniture were authorised during the month under review. Valued at £44, _ 303 these brought the total cost of the 8283 furniture loans .so far authorised to £756,133. Interest-tree loans to purchase tools of trade advanced (luring September numbered 29 (£797) the total of these to date being 585 (£17,833), while other miscellaneous advances so far made now total 96 (£12,684), three of these valued at £230 being authorised during September.