HELP FOR SETTLERS.

Waipukurau Press, Issue 280, 9 July 1908, Page 5

HELP FOR SETTLERS.

A new scheme for assisting wouldbe settlers was unfolded in the Budget, and the Premier proposes to introduce a Bill this session to o-ive effect to it. The following is the scheme as outlined in the Statement: —“ Upon application bv any number, say ten or more, of intending bona fide settlers who have obtained from a private land owner an offer to sell the estate at a price fixed by him, the Land Purchase Board shall inspect the land to ascertain its suitability for settlement and the fairness of the price, and if the Board is satisfied on both points it will report to the Minister of Finance. The proposed settlers will then submit a scheme of settlement, which must be consistent with the limitations and other conditions of the Land '“ubr Settlements Act. If the .scheme is approved by the Land Purchase Board, the Advances to Settlers Department, through the Minister of Finance, will obtain the money required to purchase the estate at the lowest possible ; 'rate of interest, giving .to the lender as security for such money a mortgage over the estate in the name of the settlers, who will also bind themselves as ordinary mortgagors by their own convenants, in addition to the security, and the Government will guarantee the repayment of capital and of interest to the lender.