STATE ADVANCES.

Hawera Star, Volume XLVIII, 23 August 1924, Page 5

STATE ADVANCES.

MONEY IN SIGHT. SUFFICIENT FOR. A YEAR. MANY UNWISE THINGS DONE. (BY TELEGRAPH PRESS ASSOCIATION.) ™ WELLINGTON, Aug. 22. rb l of Staining loans from the State Advances Department was h rf« m • the J ? ouse a £ a in to-dav; inffio- Preimei '> "’ho said there- was sufficient money m sight to meet Joans for the next 12 months. Massey said he, was aware that many unwise things had been done bv. people who desired to borrow money buAiA 16 State Advunces Department, but he could not prevent that. He did, lSorS ay but at fh the r Pe ° P,e were *pecul tou, but the Government was not boon? ii° Sta +- d fov speculation and a a ?y He also Wished to make it clear that there were already ni 1)1C 4 l i 1011 S 111 Jland sufficient for the next- three or four months. The department was doing its best, and he miVh+*f €d m I ! ad dotH ' wonders. Ho might bo able to make a statement on the subject within the -next few days but m any case they had sufficient money in sight to carry them on at ..ex/inllL ' eU<ling fW tfo

PremiS- S ; (Taranaki) urged the il.lli devise some method bv which progress payments could be made more exiieditioushv to those getting loans from the Advances Departthe dek ' U d " lg h ° USOS - At Present tlie delay was so great that builders t U d p )fc ° 1)1:1111 t,l o advances certified ° J,icei ' s -’ lllld -consei 1 - i eu ' P rj ws were increased to the detriment of tliose building homes.