LAND SETTLEMENT
Sir,—Supporting “One Who Knows," if the purchasers of these so-called uneconomic units can make a financial success of them, we can. I desire to thank Mr Corbett and Mr Smith for the information in “The Press" of Monday. It would be interesting to learn how many purchasers of these 73 properties were financed by the Rehabilitation Department. Many graded men have less than £lOOO available, and despite Mr Corbett's figures, I consider that under present loan limitations their chances of rehabilitation are remote without substantial financial backing. Yet they were promised rehabilitation. Those of us who have satisfied the sub-com-mittee about our farmins ability out do not possess other financial resources are being penalised. Under present valuations the cost of an economic unit is approximately £15,000. The rehabilitation loan is £6250, serviceman’s investment £lOOO, rehabilitation subsidy £lOOO. From where are we expected to obtain £6750 to obtain rehabilitation? —Yours, etc., AN EX-NATIONALIST. April 11, 1951.
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Press, Volume LXXXVII, Issue 26397, 16 April 1951, Page 2
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157LAND SETTLEMENT Press, Volume LXXXVII, Issue 26397, 16 April 1951, Page 2
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