The Cheap Money Scheme.
MORE THAN £400,000 APPLIED FOR FOUR HUNDRED VALUATIONS TO BE ORDERED. The first meeting oi ! the General Lending Board under the Government Advances to Settlers Act will take place on Tuesday next, w hich is the earliest occasion on which a full meet j ing can be obtained. The first business will bo to appoint sub-valuers, and as soon as that is done about 100 valuations will be ordered. We understand that between 500 and 600 applications have been recorded, and that | of these « he Superintendant has marked rather more than 400 for favourable consideration. On a population basis the various provincial districts appear to be pretty evenly represented by the applications. They I continue to come in at the rate of about 50 a day. Fifty three were recorded yesterday, and 50 the day be fore. This is exclusive of those that i happen to be informal. The total amount of advances applied for is between £400,000 and £500,000, nnd the security offered is valued (by the applicants for the loans) at £1,200,000. — Times.
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Bibliographic details
Feilding Star, Volume XVI, Issue 165, 11 January 1895, Page 2
Word Count
179The Cheap Money Scheme. Feilding Star, Volume XVI, Issue 165, 11 January 1895, Page 2
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