REHAB. LOANS TOTAL ALMOST 555,000,000

Bay of Plenty Beacon, Volume 13, Issue 6, 11 October 1948, Page 5

REHAB. LOANS TOTAL ALMOST 555,000,000

Board’s Review Of ‘ Aid To Servicemen Rehabilitation loans numbering 1,505 and valued at £1,165,707 were authorised during August to ex-servicemen and women, bringing the total number of loans authorised to 67,831 worth £54,892,667. Loans were for farms, houses, businesses, furniture, tools of trade and miscellaneous other purposes. A further 114 farm loans dumg August brought the number of such loans to 5,177, worth £21,288,056, including 649 for farms under the Land Settlerhent Scheme. Added to this were 173 under negotiation, 73 to Maori ex-servicemen under special arrangements and 328 now improving Crown sections with promise of a title, making a total of 5,751 ex-servicemen settled on the land with rehabiiltation aid. Loans to build houses totalled 229 (£334,501) during August and for purchase 237 (£218,757). These loans to date were brought to: Erection, 9.392 (£13,420,085); purchase, 13,061 (£13,048,291). Included were 12,708 supplementary loans worth £1,912,767, intended to help bridge the gap between pre-war prices and presentday costs. Altogether, including those allocated State rental houses and those settled on farms, 37,193 ex-servicemen have had housing assistance through the Rehabilitation Board. Other forms of loan assistance have been: Business loans, for August 120 (£81,811), to date 6.529 (£4,072,629); free-of-interest furniture loans, for August 790 (£72,614), to date 32,080 (£2,951,275)’; free-of-in-terest loans to purchase tools of trade, for August, 11 (£323), to date 1,267 (£41,767); loans and advances for miscellaneous purposes, for August, 4 (£1,126), to date 325 (£70,564). .