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SUBSTANTIAL TOTAL

LOANS TO EX-SERVICEMEN l With a further £1,445,672 during November, the value of rehabilitation loans authorised to former servicemen and women reached, by the end of that month, £30,912,355. By that date financial advances had been made to 39,283 applicants, of whom 36,027 had served overseas and 2858 had seen home service only. Another 280 were war widows or dependants of deceased servicemen, and 118 were former members of the Mercantile Marine. The number financially assisted during November itself was 1535.

Again there was a noticeable rise in authorisations to build houses ; these numbered 342 for November, valued at £503,278, as against 292 (£418,372) in October and 136 in September, and reflected the effect of the 50 per cent, allocation of timber to ex-servicemen for homebuilding. Loans to buy existing build ings dropped very slightly, from 335 (£342,233) in October to 329 (£335,212) in November. State house allocations to ex-servicemen during November totalled 159, against 168 for.the previous month. Until the end of November housing assistance had been given as follows: Loans to build, 4671 (£6,563,280); loans to buy, 7906 (£7,916,737); State house allocations 6277; totals, 18,854 housed and £14,480,017 advanced. Including those placed on farms, the number of ex-servicemen to receive assistance whereby they obtained a home, at the end of November was 22,065.

Supplementary housing loans granted during November, totalled 385 valued at £59,448 and brought the total under this heading to 7136 and £1,071,892. These loans are free-of-interest and are meant to bridge the gap between present-day costs and pre-war prices. A further 102 ex-servicemen were placed on farms of their own during November at an outlay of £473*550, making an aggregate of 3211 until the end of that month, the total value of the advances being £12,317,447. There were also 217 doing development work on sections with the promise of titles.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/BPB19470127.2.29

Bibliographic details
Ngā taipitopito pukapuka

Bay of Plenty Beacon, Volume 10, Issue 87, 27 January 1947, Page 5

Word count
Tapeke kupu
307

SUBSTANTIAL TOTAL Bay of Plenty Beacon, Volume 10, Issue 87, 27 January 1947, Page 5

SUBSTANTIAL TOTAL Bay of Plenty Beacon, Volume 10, Issue 87, 27 January 1947, Page 5

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