REHABILITATION LOANS

Opotiki News, Volume X, Issue 1043, 4 November 1947, Page 2

REHABILITATION LOANS

SEPTEMBER UPWARD TREND MANY FORMS OF ASSISTANCE Totalling in value £1,411,558, rehabilitation loans to acquire farms, houses, businesses, furniture and tools of trade were • authorised to 1030 ex-servicemen and women during September. This brought the total loans to the end of that month to 53,251 valued at £43,550,568. September loans were worth £125,000 more than those authorised during August. With a further 117 loans to purchase farms, the total in this category was brought to 4304 loans valued a £17,302,217.

There were 285 new loans to purchase houses, worth £290,119, and 243 for house-building, worth £358,820. At the end of September building loans numbered 7136 valued at £10,160,154 and those for house-purchase stood at 10,561, worth £10,572,619. Included were 10,151 free-of-iuterest supplementary loans valued at £1,518,378 intended to bridge the gap between pre-war prices and present-day costs.

Other forms of financial assistance were: Business loans, for September 144 worth £100,628, total 5304 worth £3,159,125; frec-of-interest furniture loans, for September 723 worth £64,810, total 24,563 worth £2,262,615; frec-of-inter-est loans to purchase tools of trade, for September 13 worth £282, total 1099 worth £36,182; miscellaneous small advances, for September 5 cases to a value of £1395, total 284 cases to a value of £56,959.