BUILDING SUBSIDY

Ashburton Guardian, Volume 53, Issue 284, 12 September 1933, Page 6

BUILDING SUBSIDY

OVER 5700 APPLICATIONS MADE. AN EXPENDITURE OF £2,637,000. WAGES ESTIMATED AT £2,489,000. (Per Press Association). WELLINGTON, This Day. Up to Friday last applications for the building subsidy in the Dominion totalled 5702, representing an expenditure of £2,637,000 i . If, as is frequently .stated, 87 per cent, of the value of any building in New Zealand goes indirectly or directly in wages spent in the country, £2,489,000 will ultimately be paid in wages, the wages tax on which would be £124,000. The Wellington railway station and the Dunedin. Post Office do not carry a subsidy, as they are not being built under the No. 10 Scheme, but somo other assistance will probably be given. Till Saturday, the record number of applications received at the board’s head office was 130, but on Saturday and Alonday the totals were 260 and 500 respectively. To-day they are pouring in still faster.

Six applications for the subsidy under the Unemployment ’ Board’s building scheme were received in Ashburton today up to 3 o’clock .this afternoon and it was expected a. number more would be received before the scheme closed at 4. o’clock because numerous forms which had been given out had not been returned before 3 p.m. This makes a total of neatly 40 since Friday morning when it was announced that the scheme would be discontinued.