REHAB. LOANS

Bay of Plenty Beacon, Volume 11, Issue 77, 8 September 1947, Page 5

REHAB. LOANS

FIGURES FOR JULY ' HIGHEST THIS YEAR Indicating a continued high demand for Rehabilitation loan assistance, loan authorisations to ex-ser-vicemen in July reached £1,485,222, states the Rehabilitation Board. This was the highest figure attained since last December and was £300,000 more than for June. It was however almost £400,000 less than the record of £1,896,347 established in July of last year, exactly twelve months previously. July authorisations brought the total loan figure up to the end of the month to £40,845,208 divided amongst 50,285 ex-servicemen and women. Of these, including merchant seamen, 46,323 had seen service in an overseas war theatre.

Most notable increase in the July authorisations was in the loans for the purchase of farms. They numbered 150 compared with 108 in June and brought the total of such loans to 4076 worth £16,176,793. July saw a further 270 building loans to a value of £396,515, and 261 loans for house purchases valued at £255,933. To the end of that month 10,022 house purchase loans had been authorised valued at £lO,037,934, and 6651 loans for house building to a value of £9,450,756. Together with 7181 who had been allocated State rental houses this brought the total of ex-servicemen who had been directly assisted to obtain homes (apart from those who had been placed on farms) to 23,854.

Other financial assistance author-, ised in July was: Business loans 113 (£75,29), bringing the total to 5030 (£2,956,403); free of interest furniture loans 753 (£69,914), grand total 23,160 (£2,132,362); interest free tools of trade loans 24 (£736), total 1069 (£35,507); miscellaneous small grants and loans 4 (£750), total 277 (£55,453).