LOANS FOR HOMES
EXTENSION OF SYSTEM (Per United Press Association) AUCKLAND, Feb. 23. A policy of extended loans for home-building purposes is about to be Instituted by the State Advances Corporation of New _ Zealand, and full information will be issued shortly. This announcement is contained in a letter from Messrs A. D. Park and T. N. Smallwood, ]omt managing directors of the corporation. ' , It is understood that the plan is likely to be one of the most farreaching evolved by the department. Full details are expected to be announced by the Minister of Finance (Mr W. Nash) when Parliament meets. It is believed that the rate at which the corporation has been lending, 4-J per cent., will not be exceeded under the new scheme, and there is a possibility that even cheaper money may bo made available.
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Bibliographic details
Evening Star, Issue 22891, 24 February 1938, Page 8
Word Count
137LOANS FOR HOMES Evening Star, Issue 22891, 24 February 1938, Page 8
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