EXTENDED LOANS FOR HOUSES
NEW STATE ENTERPRISE ANNCtU N CEMENT OF DETAILS EXPECTED SOON (PRESS ASSOCIATION TEI.KftHAM.) AUCKLAND, February 23. A policy of. extended loans for home building is about to be instituted by the State Advances Coi'poration of New Zealand, and full information will be issued shortly, according to a letter from Mr A. D. Park and Mr T. N. Smallwood, joint managing directors of the corporation. It is understood that the plan is likely to be one of the most farreaching evolved by the department. Full details are expected to be announced by the Minister for Finance (the Hon. W. Nash) when Parliament meets.
It is believed that the rate at which the corporation has been lending—4J per cent.—will not be exceeded under the new scheme, and there is a possibility that even cheaper money will be made available. ____________
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Press, Volume LXXIV, Issue 22335, 24 February 1938, Page 8
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141EXTENDED LOANS FOR HOUSES Press, Volume LXXIV, Issue 22335, 24 February 1938, Page 8
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