STATE HOUSING LOANS.

New Zealand Herald, Volume LXVII, Issue 20480, 4 February 1930, Page 10

STATE HOUSING LOANS.

t* ; CURTAILMENT DENIED.

POSITION IN AUCKLAND, 1

MANY EMPTY DWELLINGS.

DEPARTMENT'S SECURITIES.

[BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Monday.

A denial of a published suggestion that State Advances loans are to be curtailed was issued by the Prime Minister, Sir Joseph Ward, to-night. Sir Joseph authorised the following statement for publication :

" The declaration in a Press Association message from Auckland that, owing to the number of empty houses in Auckland no further Government loans for the building of homes will be made until the situation improves, is not a correct- statement of the position. It is well known that there are a very large number of empty houses in Auckland and suburbs and the Advances Department has in addition had a number of its securities abandoned chiefly through the difficulties of •transport and unemployment. These seciirities the department is endeavouring to dispose of and to that end it has been considered expedient to bring these houses which comprise recently-erected dwellings before the notice of intending applicants desirous of erecting new homes. Should, however, it not bo possible the department to satisfy the requirements of an applicant by the sale of one of the de-» partment's available securities, his. application would be dealt with on its merits, when the housing position generally would be taken into consideration in conjunction with the circumstances relative to the applicant and the proffered security.

" In any case where the circumstances justify the Advances Department in entertaining an application, the matter would -be dealt with in the usual manner and as soon as it is possible to .do so. The statement made in the press that such loans are to cease is ridiculous.''