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LOANS NOW TOTAL £8,626,868

P.A. WELLINGTON, Wednesday,

June was another record month for loan authorisations to ex-service-men and women, states the Rehabilitation Department. Loans during June totalled £769,280, which was £50,000 more than in the previous month. This brought the total loans authorised to date to £8.626,868. including £8,161,365 to men returned from overseas. Rehabilitation loans during June totalled 954, making 13,616 to date, including 12,359 to returned men.

Another peak month in housing loans resulted in 321 such authorisations to the value of £368.395, including 102 loans for building houses and 219 for purchasing existing ones. Housing loans to the end of June totalled 3699, to the value of £4,057,199. This included 1873 supplementary interest-free loans, of which 203 were granted during the month.

Loans to assist ex-servicemen on to their own farms during June were 83, to the value of £296,695, making a total of 955 to the value of £3,195,847 to the end of the month. This included 927 returned men.

During June 106 loans \*ere made to set up ex-servicem. i in business, the sums advanced totalling £64.207. To the end of the month loans of this type totalled £728,078. A further 412 interest-free furniture loans were granted, involving £38.128, and bringing the figures to the end of June to 6781 loans to the value of £619,148. Another 23 interest-free loans.for the purchase of tools of trade and nine miscellaneous loans also were made during June.

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Bibliographic details

HOUSES AND FARMS, Auckland Star, Volume LXXVI, Issue 175, 26 July 1945

Word Count

HOUSES AND FARMS Auckland Star, Volume LXXVI, Issue 175, 26 July 1945

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