Lay-by Plan For Purchasing Homes
( N.Z.PA .-
—Reuter.
Covvriaht)
Received Fridav, 12.15 a.m. BRISBANE, Sept. I. The Queensland Prepiier's (Mr. Hanlon)' easy hom'e purchase plan is a liberalisation and extension of the existing workers/ liomes apd workers' dwellings schc-me which has been operating for many years. The pro-; posed variations include a system of lav-by deposits by which .ptersons will be able to lodge payments in th'e Treasurv until sufficient is accumulated to pay a- deposit on a home purchase. These pavnients will be subject to a subsidy by the Government at a rate "somewhere about twico as much as would bo received from a savings bank. ' ' The Promier claimed that "nothing better is being offered elsewhere. ' ' He i promised full details in a new Bill this Parliamentary eession, \
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19490902.2.31
Bibliographic details
Chronicle (Levin), 2 September 1949, Page 5
Word Count
128Lay-by Plan For Purchasing Homes Chronicle (Levin), 2 September 1949, Page 5
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