Over £61,000,000 Rehabilitation Loans Last Year

Bay of Plenty Beacon, Volume 13, Issue 89, 20 May 1949, Page 6

Over £61,000,000 Rehabilitation Loans Last Year

Rehabilitation loans numbering 1,308 and valued at £1,011,154 were authorised during March to ex-ser-vicemen and women, bringing the total number of loans authorised to 76,398 worth £61,485,641. Loans were for farms, houses, businesses, furniture, tools of trade and miscellaneous other purposes. A further 73 farm loans during March brought the number of such loans to 5,679, worth £23,609,694, including 782 for farms under the Land Settlement Scheme. Loans to build houses totalled 179 (£261,300) during March and for purchase 252 (£254,838). These loans to date were brought to: Erection, 10,676 (£15,289,943); purchase, 14,583 (£14,523,191). Included were 14,072 supplementary loans worth £2,120,558, intended to help bridge the gap between pre-war prices and pre-sent-day costs. Altogether, including those allocated State rental houses and those settled on farms, 41,194 ex-service-men have had housing assistance through the Rehabilitation Board.

Other forms of loan assistance have been: Business loans, for March 140 (£78,476), to date 7,313 (£4,583,870); free-of-interest furniture loans, for March 653 (£60,979), to date 36,468 (£3,359,461); free-of-interest loans to purchase tools of trade, for March, 4 (£111), to date 1,322 (£43,654); loans and advances for miscellaneous purposes, for March, 7 (£1,520), to date 357 (£75,828).