LAND FOR SOLDIERS.

Auckland Star, Volume XLVII, Issue 69, 21 March 1916, Page 7

LAND FOR SOLDIERS.

REGULATIONS GAZETTED. The following regulations regarding advances under the Discharged Soldiers' Settlement Act were gazetted last ■ffeek:— 1. Advances for any of the purposes named in Section 6 of the Act may, on the recommendation of the Land Board, be made by the Minister for Lands; and any s.ueh advance or advances may, on the recommendation of the Land Board, be increased from time to time at the discretion oi the said Minister. 2. The. amount of any loan made for any of tie purposes mentioned in Subclauses (a) and (b) of Section 6 of the said Act may, in the discretion of the Minister, be advanced by progress payments corresponding to 75 per cent, of the value of the improvements from time to time effected by the mortgagor. 3. in such case the value of the improvements so effected shall from time to time be ascertained and certified to by some person authorised by the Minister in that behalf, and any certificate given by such person shall be final; the balance of the advance to be paid on receipt of final Certificate that the improvements in respect of which the advance was to be made are satisfactorily completed. 4. In no case shall the amount advanced for the purpose of building a dweUinghouse exceed £150. 5. In no case shall any advance be made to any one person exceeling £000. nor any advance which together with other advances made to the same person and still remaining unpaid, exceed the sum of £500. ' 6. All money advanced shall be secured by way of first mortage over the land or the settler's interest therein. 7. Where money is advanced for the purpose of purchasing stock and implements, such money shall be further secured by a collateral bill of sale. 8. In eases where further advances arc made for purposes other than the purchase of stock or implements, and the applicant has on the land stock or implements not already secured by bill of sale, the Minister may require, before granting such further advance, collateral security by way of bill of sale over inch stock or implements.