LOANS BY THE STATE.
GOVERNMENT'S ACTIVITY.
RECORD IN ADVANCES.
[by telegraph.—own correspondent.] DUNEDIN, Friday. Speaking at a gathering of his election committee aW supporters, the Hon. W. B. Taverner, Minister of Bail-ways, said that though the Government had been in power only a little over a year it. could show results of a highly satisfactory nature notwithstanding the many difficulties that had had to be faced.
Dealing with the State Advances Department, the Minister said that on De-. cember 10, 1928, when the Government came into office, there were 3971 applications for loans amounting to £4,168.290 waiting to be dealt with. All those applications had been disposed of and the arrears overtaken. During the year 9461 additional applications, amounting to £10,478,200, were received. All the applications received during the Government's first twelve months of office, save a few exceptions, which are receiving attention, had been dealt with. ' ' The amount paid over "for the year totalled £6,347,137, a record; since tha Act came into force in 1804. In Danedin 84 loans, aggregating £74,345, were authorised to applicants during the twelve months ended February 28; 1930.
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20520, 22 March 1930, Page 11
Word Count
184LOANS BY THE STATE. New Zealand Herald, Volume LXVII, Issue 20520, 22 March 1930, Page 11
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