GRANTS OF MONEY

Grey River Argus, 5 January 1940, Page 8

GRANTS OF MONEY

FOR N.Z. SOLDIERS j To Meet Debts and Obligations [Per Press Association!. WELLINGTON, January 4. The Minister of Finance, Hon. W. Nash, announced to-day, on behalf of the Government, that, in continuation of the policy of providing as *ully as possible for the needs of the members of the New Zealand Second Expeditionary Force, a Soldiers’ Financial Assistance Board has been set up to deal with any 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, ut” lize the organisation of the State Advances Office, and will comprise the Secretary to the Treasury; and either one of the joint managing directors of the Statu Advances Corporation, who wil be chairman; .nd also the following: Mr J. G. Barclay, M P., Mr D. Barnes, Timaru; Mr H. E. Combs, M.P., Wellington; Mr T. L. MacDonald, M.P., Mataura; and Mr Ernest W. Hunt, Wellington. It is intended that assistance shall be afforded where it is reasonably necessary to enable any member of the New Zealand Forces, while overseas, to meet the following obligations: (a) Rent; (b) interest payaole in respect of loans or .mortgages, or in respect of agreements for the purr chase of a dwellinghouse or of 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. The assistance will be by way of periodic grants, or lump sums, but iri 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, the soldiers concerned.