ADVANCES TO SOLDIERS

Hawera & Normanby Star, Volume XLI, Issue XLI, 2 July 1921, Page 5

ADVANCES TO SOLDIERS

AMENDING REGULATIONS

(BY TELEGRAPH —PRESS ASSOCIATION.)

WELLINGTON, June 30. Amending regulations gazetted yesterday under the Discharged Soldiers' Settlement Act, 1915, provide that advances made for buildings on rural holdings not exceeding in area .21 acres shall be repayable by halfyearly or monthly instalments over a period of twenty-five years. Everyinstalment shall consist partly of interest and partly of principal and shall be calculated at the rate of 7 per cent, per annum on' the amount advanced- Decision as to. whether moneys advanced shall be secured by way of flat mortgage or by instalment mortgages, and, in the latter case, whether such moneys shall be repayable by half-yearly or monthly instalments, is t obe at the discretion of the Minister.