RURAL HOUSING.

Ashburton Guardian, Volume 60, Issue 251, 31 July 1940, Page 3

RURAL HOUSING.

AMENDING LEGISLATION. (Per Press Association). WELLINGTON, July 30. Certain alterations to the existing rural housing legislation, designed to facilitate its administration, are contained in the illural (Housing Amendment Bill, which was introduced and road a. first time in the House of liepresentatives to-iiiglit. Provision is made for comity councils, through which bodies the scheme is administered, to impose a penalty of o P e J cent, if instalments of loans are not paid by the due date. The Crown is given power, in cases where it is the mortgagee, to yield its priority to any advance made under the act, while the same power is extended to trustees. Any fire insurance on buildings erected under the act is to ho held by the local authority. Members of local authorities are not to be disqualified bv receiving advances under the act.

County councils are given power to oollechipstalments of loans in the same wov us rates are collected, witli tin result that a county council can demand them from the actual occupiei of the house, even though that person mav not lie the one who borrow ed.tlie money. Local authorities are gnen power to issue debentures for tlm i inpayment of loans from the State i <- vances Corporation before the whole amount has been advanced to them. Any buildings hired to farmers to provide accommodation for farm workers are to remain .the property or ttie Crown - hut such transactions are not to be subject to the Hire' Purchase Agreements Act-, 1989.