SOLDIERS WHO GO OVERSEAS

Press, Volume LXXVI, Issue 22910, 5 January 1940, Page 6

SOLDIERS WHO GO OVERSEAS

FINANCIAL HELP TO BE GIVEN

OBLIGATIONS FOR WHICH PAY IS INADEQUATE

government: sets up BOARD Cpress association telegram.) WELLINGTON, January 4. The Minister for Finance (the Hon. W. Nash) announced to-day, on behalf of the Government that in continuation of the policy of providing as fully as possible for the needs of members of New Zealand's 2nd Expeditionary Force, a Soldiers' Financial ' Assistance Board had been set tip to deal with applications received from soldiers- who go overseas who may be in need of financial assistance to meet obligations for which their military pay is inadequate. The board will, it is proposed, utilise the organisation of the State Advances Office and will comprise the Secretary to the Treasury, either one of the joint managing directors of the State Advances Corporation (chairman), Messrs J. G. Barclay, M.P. (Whangarei), D. Barnes (Timaru), H. E. Combs, M.P. (Wellington), T. L. Macdonald, M.P, (Mataura), and Ernest W. Hunt (Wellington). It is intended that assistance be afforded, where reasonably necessary, to enable any member of the New Zealand Forces while overseas to meet the following obligations:—> (a) Rent. (b) Interest, payable in respect of loans or mortgages or in respect of agreements for the purchase of a dwellinghouse or business premises. (c) Interest and instalments payable in respect of agreements for the purchase of furniture or other chattels. (d) Rates and taxes. (e) Insurance premiums. (f) Other necessary or reasonable expenses not incurred in the purchase of property. Assistance will be by way of periodic grants or lump sums; but in no case is assistance to exceed £156 in any one year. Arrangements are in hand for the early preparation and circulation to all post offices and branches of the State Advances Corporation of forms for completion by or on behalf of soldiers concerned.