REHABILITATION LOANS NOW MORE THAN £65 MILLIONS

Bay of Plenty Beacon, Volume 14, Issue 35, 7 September 1949, Page 3

REHABILITATION LOANS NOW MORE THAN £65 MILLIONS

Wellington, Tuesday. Rehabilitation loans worth £65,-; 582,161 had been authorised for 81,581 ex-servicemen and women by the end of July. In July itself 1,232 loans were authorised valued at £1,149,735. Loans have been for farms, businesses, houses, furniture, tools of trade and other miscellaneous purposes. Loans to purchase farms were increased to 6,019 which involved finance worth £25,207,902. This includes 816 ex-servicemen settled on Crown Lands. There were 105 farm loans authorised during the month. The end of July saw housing loans brought to a total of 26,909, worth £31,748,086. There were 438 for July, valued at £523,258. There have been 11,403 building , leans authorised, worth £16,352,807 and 15,406 purchase loans worth £15,395,279. The 200 biulding loans for July were valued , at £292,594, .and the 238 purchase loans for the same period entailed £230,664. Included in the total figures to date are--14,831 supplementary loans involving £2,230,423. These supplementary loans are intended td bridge the gap between pre-war prices and present-day costs. Including 10.847 who have been allocated State rental houses and the 6,019 have been placed on farms of their own, the number of ex-servicemen 1 and women who have been given direct housing assistance through rehabilitation was, at the end of July, 43,775. Other loan assistance to date is:— Loans to purchase or establish businesses, to date 7,808 (£4,891,324), for July 122 (£70,580); free-of-interest loans to purchase furniture, to'date 39,119 (£3,608,637), for July 553 (£52,738); free-of-interest loans to buy tools of trade, to date 1.341 (£4,256), for July 5 (£137); loans for miscellaneous purposes, to date 385 (£83,956), for July 9 (£3,908).