HUMES FOR LETTING

Opotiki News, Volume II, Issue 205, 10 July 1939, Page 4

HUMES FOR LETTING

CRITICISM OF POLICY ‘CAX EL CARRIED TOO FAR' Regret that in recent years there Lad been an increasing tendency m Few Zealand toward the building 01. homes in great numbers lor lotting pm poses only was expressed by iua chairman oi directors of the Auckland C o-opci'ative *. hnninatiug Euild.lng Society, M'. S. J. Hai’biitt, at the annual meeting of the society. This policy, if carried) too far, Mr. Harbuit' continued, would ultimately result in the enslavement of the great, masses of the people' into everlasting payment of rent. in striking contrast to this one found that the British Gfovcinment had made use of building societies-., to invest million;: of pounds in helping'. to build up a notion oi Ires homeowners. Family life was symbolised by the house and the home was the bedrock .of our national happiness and prosperity. Mr. Harbutt said that since its establishment in 1807 the society had *l* advanced on mortgage more than - f I.GaXCJU to enable people of moderate in Ann to become home-owners. In this way the society had contributed notably to the social and economic prosperity of tile Dominion,.