STATE ADVANCES
[By Telegraph, Per Press Association.]
WELLINGTON, Fob. 28. In regard to advances to settlers and workers Sir Joseph Ward stated today that from December 10 to February 27, £1,235,765 was authorised, comprising 619 applications by settlers, and 598 liy workers. Hie actual amounts paid over during the period were £413,175 to 311 settlers, and £358,975 to 409 workers. 'Hie applicants concerned in the balance of £1,235,765 had been advised that their money was available and ’would be paid over in cine course.
Since December 10, new loan money,-, amounting to £1,166,850 have -been added to the capital of State Advances Office. .
These facts, he said, showed 11 athere lias been no delay on the part of the State Advances in giving effect to the Government’s policy. Sir Joseph Ward has received r letter dated January 11 from a lending London financial expert congratulating liim on the result of the New Zealand loan. The expert adds: “The wool market is likely to be good. Bradford cannot keep the prices down in the face of the keen demand from outside. Dairy produce is also soilin'well, and you should have a, real good season in New Zealand.”
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Hokitika Guardian, 1 March 1929, Page 3
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196STATE ADVANCES Hokitika Guardian, 1 March 1929, Page 3
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