HOMES AND FARMS

Auckland Star, Volume LXXVI, Issue 200, 24 August 1945, Page 7

HOMES AND FARMS

REHABILITATION LOANS

TOTAL NOW EXCEEDS £9,500,000 Parliamentary Reporter. WELLINGTON, this day. The grand total of loan authorisations to returned sezwicemen and women at the end of July, was £9,541,197, states the' monthly review of the Rehabilitation Department, which was issued yesterday."

With \ an increase of almost £150,000 over the previous month's figures July was by far the busiest month for loan authorisations so far made. Altogether loans totalling £914,329 were authorised during July, as against the previous month's record total of £769,280.

The number of ex-servicemen and women assisted by way of rehabilitation loans during July was 1149, bringing the total to 14,765, of whom, apart from merchant seamen, 13,440 had seen service overseas.

A further 89 ex-servicemen were assisted during July to purchase farms to a total value of £341,662. This brought the number financed on farms up to July 31 to 1044 at a cost of £3,537\509. Of the loans authorised during July 168 (£230,933) were for the erection of houses and 224 (£226.139) were for the purchase of existing dwellings. The total number of housing loans authorised up to the end of July was 4091, the amount involved being £4,514,271.

Another 111 ex-servicemen were assisted during the month to set up in business by being granted rehabilitation loans which amounted to £66.919 and brought the total value of such loans so far authorised to £794 997. During Julv 524 ex-servicemen and women had their authorities granted to use the £100 interest-free furniture loan involving for the month a total of £47,408. The number of furniture loans so far authorised was thus brought to 7305 (£666,556). Interest-free loans authorised during July to enable exservicemen to purchase tools of trade amounted to 28 valued at £877. bringing the total to 529, representing £16,104.