Many Ex-servicemen Given Assistance By Rehab. Loans

Bay of Plenty Beacon, Volume 13, Issue 95, 3 June 1949, Page 7

Many Ex-servicemen Given Assistance By Rehab. Loans

Rehabilitation loans worth £62,324,648 had been authorised for 77,537 ex-servicemen and women by the end of April. In April itself, 1,139 loans were authorised valued at £839,007, states the Rehabilitation Department. Loans have been for farms, businesses, houses, furniture, tools of trade and other miscc llaneous purposes.

Loans to purchase farms were increased to 5,744, which involved finance worth £23,900,713. This includes 785 ex-servicemen-'settled on Crown Lands. There were 65 farm loans authorised during the month. 25,597 Housing Loans The end of April saw housing loans brought to a total of 25,597 worth £30,223,152. There were 338 for April, valued at £410,018. There have been 10,831 building loans authorised, worth £15,516,728 and 14,766 purchase loans worth £14,-( 706,424. The 155 building loans for April were valued at £226,785 and the 183 purchase loans for the same period entailed £183,233. Included in the total figures to date are 14,292 supplementary loans involving £2,161,003. These supplementary loans are intended to bridge the gap between pre-war prices and presentday 005184 Including 10,408 who have been allocated State rental houses and the 5,744 who have been placed on farms of their own, the number of ex-servicemen and women who have been given direct housing assistance through Rehabilitation was, at the end of April 41,749. Statistics to Date Other loan assistance to date is: Loans to purchase or establish businesses, 7,443 (£4,664,318), for April 130 (£80,448); free-of-interest loans to purchase furniture, 37,062 (£3,415,452), for April 594 (£55,991); free-of-interest loans to buy tools of trade, 1,326 (£43,785), for April, 4 (£131); loans for miscellaneous purposes, 365 (£77,228), for April, 8 (£1,400).