Fair share or drop in the bucket?
Sir, This week we heard the announcement that our Minister of Finance had . decreed that an extra $22 million he made available by the trading banks for home mortgage finance. Excitedly I took pencil and paper to decide what Taupo's share should be. On a pro rata basis, and disregarding any special circumstances, it seems
that this magnanimous gesture by Mr Rowling should make an extra $73,000 available to would-be purchasers in Taupo. As most young couples require at least $15,000 to finance the most modest house, it would appear that the real estate agent who described the amount as a "mere drop in the bucket" was certainly not overstating the facts.
\ K.
Gustofson.
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https://paperspast.natlib.govt.nz/newspapers/TAUTIM19740711.2.22
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Taupo Times, Volume 23, Issue 55, 11 July 1974, Page 4
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121Fair share or drop in the bucket? Taupo Times, Volume 23, Issue 55, 11 July 1974, Page 4
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