REHABILITATION LOANS
STEADILY GROWING TOTAL REACHES £33,000,000 The steadily growing total of Rehabilitation loans authorisations, with an advance of 991 valued at £791,851 for the month of January, has now reached 41,926 valued at £33,279,001. The current totals bringing up the figure of over 33,000,000 are accunted for as follows: Erection of homes 5245 loans valued at £7,405,941, purchase of homes 8420 valued at 8,441,018, establishment or purchase of farms 3396 valued at £13,083,112, establishment or purchase of businesses 4358 valued at 2,491,594, free-of-interest furniture loans 19,276 valued at £1,773,885, free-of-interest tools of trade loans 984 valued at £32,838 and miscellaneous 247 valued at £50,613. In past months the loans have shown a figure consistently above the million mark, a level which was maintained right to the end of December. The recission in January is attributable to the holiday period and is comparable with what happened over the same period of the previous year, when, after being well over one million pounds for three consecutive months the figure dropped to £900,000 for January only to climb rapidly to new record figures. As might be expected there was an obvious reflection of the holiday period in authorisations relating to the erection and purchase of dwellings: for erection authorisations were 167 to a value of £248,760, and for purchase of existing dwellings 186 to a value of £181,370. The corresponding figures for December were 407 valued at £593,901 and 328 valued at £342,911.
Similar causes and heavy seasonal activity were also reflected in farm loans. For January there were 64 valued at £262,722 as compared with 121 valued at £499,943 for December. The remaining loan authorisations for January are given with the corresponding figures for December in parentheses: For the purchase or establishment of businesses 88 valued at £50,906 (113 worth £75,670); furniture 476 valued at £44,682 (668 worth £61,304); tools of trade six valued at £222 (9 worth £313); and miscellaneous advances four valued at. £lB9 (six worth £755).
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Bay of Plenty Beacon, Volume 11, Issue 3, 10 March 1947, Page 5
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328REHABILITATION LOANS Bay of Plenty Beacon, Volume 11, Issue 3, 10 March 1947, Page 5
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