SOLDIERS’ LOANS
THE INCREASE OF REPAYMENTS. Three months hence, if the expectations of the Reparation Department are realised, the income from the repayment of loans by soldiers will equal the monthly expenditure on soldiers. The Department will then be self-supporting in the sense that no fresh loan money will be required for loans to soldiers. This calculation does not cover the purchase of land for settlement. "The expenditure on repatriation,’ said the Hon. D. H. Guthrie yesterday, "reached its maximum in December, 1919. in which month .£120,000 was advanced to returned soldiers. Since then the expenditure has decreased month by month, while the income from repayments has increased steadily.” The Minister quoted the figures for ' the last six months as follow: — Monthly Monthly expenditure collection on soldiers. from soldiers.
November 64,733 35,875 Mr. Guthrie explained that 8o per cent, of the expenditure was by way ot loan. The total collection to the end of November, he said, was £376.542.
June .£ 88,799 27,889 July 103,177 33,419 August ... 78,845 33,64-5 September 67,636 34,381 October ... 66,919 35,284 Qt; Q7«i
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19210118.2.57
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 14, Issue 97, 18 January 1921, Page 8
Word count
Tapeke kupu
176SOLDIERS’ LOANS Dominion, Volume 14, Issue 97, 18 January 1921, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in