STATE ADVANCES
AND RENTAL HOUSES
The value of loans on mortgage held by the State Advances Corporation at the end of March last totalled £45,789,567. The annual report of the corporation presented to Parliament yesterday showed that the number of rural securities at that date was 19,149 and the number of urban securities was 39,516. There were 15,563 State tenancies at the end of March, representing a capi* tal value of £19,777,152. "Considering the large volume of business handled," states the report, "the proportion of instalments unpaid during the period is comparatively small. Repayments of principal sums owing under mortgages have been accelerated in a number of cases, indicating that borrowers generally are in a favourable financial position." The report of the Director of Housing Construction discloses that applications from civilians for State rental houses which had not been satisfied totalled 23,630 at the end of March. To that date 573 houses had been allocated to ex-servicemen, and there were on hand a further 619 applications from families eligible for preference under the special arrangement giving preference to ex-servicemen.
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Bibliographic details
Evening Post, Volume CXXXVI, Issue 37, 12 August 1943, Page 4
Word Count
179STATE ADVANCES Evening Post, Volume CXXXVI, Issue 37, 12 August 1943, Page 4
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