FIVE MILLIONS IN YEAR.
> ♦ ADVANCES BY THE STATE, , CHARACTER AS SECURITY. "J Loans to 8893 applicants, amounting to £7,283,277,; have been authorised b^i||^S State Advances; Department in the 10 months ended January 31. The amount actually paid over has been £4,500,000 to 5515 applicants. ~ .. In announcing these figures \ the Prima Wm Minister said that the advances, incUjding the £7,000.000 authorised, - noTF, i; totalled £21,000,000. -The total actually paid would exceed £5,000,000 .by-t&ap|§ end of the year.. >,y i '. , ".We study character, rather than security, in making; advances for farms and, homes," said Mr. Massey. " Lspeciauy is this the case when we have to advance up to 95 per cent, for homes for workers." i' i ■ • ,■ - •','-■■ ~■..-.■■.. 'Vyl^^p
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Bibliographic details
New Zealand Herald, Volume LXI, Issue 18629, 9 February 1924, Page 8
Word Count
116FIVE MILLIONS IN YEAR. New Zealand Herald, Volume LXI, Issue 18629, 9 February 1924, Page 8
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