SOLDIER'S LOANS.

Auckland Star, Volume LVII, Issue 25, 30 January 1926, Page 8

SOLDIER'S LOANS.

! c TRANSFERS TO CIVILIANS, A S'F.W R HOT" I.ATT ON". fV.v Toloimph. Own OTrwpnndent) \VKl.l.l\i:n>\. this riny. Thp Minister of l-and-s (IFmi. A. !>• M,1....h1. statpd t<>-day tl'Hi n good deal ..f i-riiii-isni Imil l>ooll <lirort«d ngatnft. Hip Cov.-rnmr-nl and his mv " Department iv particular for ellowinS t!:c transfer nf s»ld : er loans to civilians, thus divert inj* t.!i'- nmnoy from the p»rpore for which ii uiis originally intended' A now pi.liey has thorofoiv hrpn decide* U|ion. and in fut nr.- -ii.h transfers Will I)P pnmipd only wl.imi the »ppli«*ante are prrimrcil m i.ay Ihc «nin> rntp of interest U is In tlir MHtc Advance* (IfVlcc. . .. TIIO Mini-tor .■omninitorl that in the rase of tr..n>f.T< hitherto. thp use ot rlioap moiipy hnrl 1 n l.cnoli<-isl .more to tiviliaiis wlifi wrro in a position to pay tho fiirrciiT nito of iiitorc-t than to the soldiers it whs .h-ir,,l to N"" ,, ;'- Knrl.-iivnurs lm>l I«th made tn Hieek the prn.-tir,.. I,.it iv «tis. iir.t«ithptandin?. a I'ontinuiil pv-sm-c »i]n>n himself R " a tlif liiiiii hiuii'iln i" ii-rrc tn transfer*. -Tin' him tier has horn rn-piving '»>' attoiiti<.ii ,"■■!■ snmo iinir.- continued the Ministrr. "hikl I liHve n.iw inetruc tiims ilin-iiyli tho fndorSoi-rptary for Lhihls tli.it. hs :\ niiitii-r of polu-y, app!ii-a:ioii- t" iran-lVr in civilians plV.ul.l !«• vrfu-,-,1 px.l'l.l in .-a5« whWJ tin- iriinstVrpp i- properod to pay interest at tl.p rato of fi| ~..,- i-ont. loss the usual i r.-lmt.- for prompt pnynu-nt. This "ill hiring *i)|ilipr> into lin'r with appUce"" rproiviiiK l.ians fr-iin tin- -*tiitr Advances DcpartniPTit. who arc rmt restricted > n tin' mat tor of tnmstVr. 1 >f emirse in tho i-hsp nf m i-..li!ior tiHiisferring t0 BiiotliPr s.M.li"!-. nil thp hoiiPlits of the cheaper rate of interest will be retaigei