WELLINGTON HOUSING SCHEME
APPLICATION FOR LOAN REFUSED
(FSKSS ASSOCIATION TET-EGKAJI.) WELLINGTON, December 22. The Wellington City Council’s application to the Local Government Loans Board for sanction to raise a loan of £ 50,000 for housing, and another of £ 10,000 for the renovation of houses, has been dealt with by the board, and referred back to the council.
A letter received at a meeting of the council to-day stated that the board did not consider the loans in question came within the scope of the Government’s housing policy, under which money was being made available to local bodies at an interest rate of 3 per cent. The decision of the board was regarded by the council as unsatisfactory, and after some discussion on the merits of the council’s housing scheme, which provides for financial assistance to be given to enable houses to be built on land purchased either privately or from the council, it was decided to approach the board again, and also the Minister for Finance (the Hon. W. Nash).
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Bibliographic details
Press, Volume LXXIV, Issue 22592, 23 December 1938, Page 8
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169WELLINGTON HOUSING SCHEME Press, Volume LXXIV, Issue 22592, 23 December 1938, Page 8
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