Rehabilitation Loans Almost £55,000,000

Grey River Argus, 11 October 1948, Page 8

Rehabilitation Loans Almost £55,000,000

Rehabilitation loans numbering 1,505 and valued at £1,165,707 were authorised during August to ex-ser-vicemen and women, bringing the total number of loans authorised to 67,831 worth £54,892,667. Loans were for farms, houses businesses furniture, tools of trade and miscellaneous other purposes. A further 114 farm loans during August brought the number of such loans to 5,177, worth £21,288,056, including 649 for farms under the Land Settlement Scheme. Added to this were 173 under negotiation 73 to Maori ex-servicement under special arrangements and 328 now improving Crown sections with promise o a title, making a total of 5.751 exservicemen settled on the land with rehabilitation aid. Loans to build houses totalled 22? (£334,501) during August and for purchase 237 (£218,757). These loan to date were brought to: Erection 9,392 (£13,420,085); purchase, 13.061 (£13,048,291). Included were 12.708 supplementary loans worth £1,912,767 intended to help bridge the gap between pre-war prices and presentday costs.

Altogether, including those allocated State rental houses and those settled on farms, 37,193 ex-servicemen have had housing assistance through the Rehabilitation Board. Other forms of loan assistance have been: Business loan, for August 120 (£81,8113, to date 6,529 (£4,072,629): free-of-interest furniture loans for August 790 (£72,614), to date 32,080 (£2,951,275); free-of-in-terest loans to purchase tools of trade for August, 11 (£323), to date 1,267 (£41,767); loans and advances for miscellaneous purposes, for August, 4 (£1,126). to date 325 (£70,564).