Cheap Money Scheme.
(Per Press Association.) Wellington, March 20. The Lending Board under the Advances to Settlers Act has been sitting this week, and has authorised further advances to the extent of about 1*74,000, making nearly L 120,000 authorised to be lent so far. None of this money has yet passed out of the office, for the simple reason that the solicitors require to investigate the titles to the securities and to prepare the deeds before the transactions can be completed by the execution of the deeds and the transfer of the money. The investigation of the titles necessarily takes some little time, and the Lending Office as now awaiting the reports of the solicitors. Applications for loans still continue to pour in.
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Bibliographic details
Feilding Star, Volume XVI, Issue 223, 21 March 1895, Page 2
Word Count
123Cheap Money Scheme. Feilding Star, Volume XVI, Issue 223, 21 March 1895, Page 2
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