STATE ADVANCES.
FOR ELEVEN MONTHS. NEARLY SEVEN MILLIONS AUTHORISED. During tho eleven mouths completed at the end of February the Advances Department authorised loans amounting to nearly seven millions. Figures oil the subject wore supplied by the Hon. AA r . Noswortliy. “It will be remembered,” ho said, “that towards the end of lasat session, of Parliament I made an announcement that further capital would be raised for the State Advances Department to enable that office to deal with the accumulations of applications for loans under both the settlers’ and the workers' branches. This has been carried into effect and, as the following figures indicate, the Department lias been taking active steps to cope with the situation. Tho loans authorised during’ the eleven months of tms financial year are as under:— Amount. Number. £ Settlers .. . 3885 4,413,675 Workers .. - 2797 2,330,892 Totals ... 6682 6,744,567 These amounts incite 2705 _ loans, amounting to £2,426,692 for the erection of houses.
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https://paperspast.natlib.govt.nz/newspapers/THD19260323.2.12
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Timaru Herald, Volume CXXIII, 23 March 1926, Page 4
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154STATE ADVANCES. Timaru Herald, Volume CXXIII, 23 March 1926, Page 4
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