STATE HOUSING.

Auckland Star, Volume LXVII, Issue 142, 17 June 1936, Page 8

STATE HOUSING.

FINANCIAL ASPECT. MORTGAGES AND RENTS. government preparing SCHEME. (By Telegraph.—Special to "Star.") WELLINGTON, this day. The Government's housing scheme, which the Cabinet has been further considering since the break in the session, involves the provision of rented houses as well as facilities for people wishing to own their dwellings.

The Prime Minister (the Right Hon. M. J. Savage) made this point in a statement to-day, explaining that the local bodies would be asked to co-opei-ate in the way of building or renting. The importance of the renting aspect was stressed by Mr. Savage. "I know many men who lost their life savings through putting a deposit 011 their home and then found when a reactionary Government got into power that everything liad been taken away from them. They had invested their savings in houses when they were earning a decent wage, thinking that this would always be their position, but they found when the depression came along that their wages were reduced by Act of Parliament, and they were unable to meet their payments to the mortgagee. _ Thus they lost their liouse and their savings." The Prime Minister, replying to questions put to him, stated that the local bodies would receive Government assistance in housing schemes. The Government's view of the problem was that when it loaned money to a worker to build a home its job was to see that his income was muintained to enable him to meet his liability to the Crown or to a private mortgagee.