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Taihape Daily Times, Volume XI, Issue 3455, 8 April 1920, Page 7

An explanation was recently sought by the NZ. Returned Sol(liers’- Asso~ ciatio-n for the fact that the interest charged on advances under the Discharged Soldiers’ Settlement-Act is highep than on other State ailvances. The Secretary to the Treasury has‘ replied that in January provision was made for a restrospective reduction on advances under the soldiers’ Settlement scheme, and tli.-at the question of readjustment is now being dealt with by the Lands Department. The Unrlel'—Secl‘et2Ll‘Y for the Lands Deypartment has also informed the Asso~ ciation that as soon. as the necessary regulations have been issued a rebate of one-tents of the amount of interest contaiiied in the instalments payable on loans will be grantml for prompt payment, so as to make the system Similar to that in force in the State. Advances Ofiice. In addition provision woulcl "be made so lhat the relbat:~, might be applied reti-r.~spec:ti\'ely to all p:«.ymen't:'s which vn.’-r'o 1n[1(lt.;- in Eilvanee ol"within l’oln'teeni'da_vs after the due date.