FINANCE FOR HOMES
Sir, —Your leading article in “The Press” of January 21 says: “It would be a pity if the loan market for purchasing homes became thoroughly upset as a result of the States Advances Corporation’s decision to restrict loans for purchasing existing homes.” But *why this restriction? Under the rehabilitation scheme 62,300 homes were provided for returned servicemen. Those bought totalled 45,300; and another 17,000 State houses were allocated. At February, 1954, loans still unpaid amounted to £37,486,000; arrears were only £12,000 and only £lO5B had been written off after 10 years of the scheme’s existence. These servicemen are ’ proved credit-worthy citizens. Other equally credit-worthy citizens are in need of money to buy a house; and it is the business of government to see that persons requiring financial credit for this purpose are not without the means to have it.—Yours, etc., L. J. SPENCE. January 22, 1956.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19560123.2.44.1
Bibliographic details
Press, Volume XCIII, Issue 27873, 23 January 1956, Page 8
Word Count
149FINANCE FOR HOMES Press, Volume XCIII, Issue 27873, 23 January 1956, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in