WELLINGTON HOUSING
£60,000 LOAN PROPOSAL NOT GRANTED [BY TELEGRAPH —PRESS ASSOCIATION'] WELLINGTON, Thursday ■ The Wellington City Council's application to the Local Government Loans Board for sanction to raise a loan of £50,000 for housing and another of £IO,OOO for the renovation of houses, has been dealt with by the board and referred back to the council. A letter received at a meeting of the council today stated that the board did not consider the loans in question came within the scope of the Government's housing policy, under which money was being made available to local bodies at an interest rate of 3 per cent. The decision of the board was regarded by the council as unsatisfactory, and after some discussion on the merits of the council's housing scheme, which provides for financial assistance to be given to enable houses to be built on land purchased either privately or from the council, it was decided to approach the board again and also tho Minister or Finance, the Hon. W. Nash.
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New Zealand Herald, Volume LXXV, Issue 23228, 23 December 1938, Page 10
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169WELLINGTON HOUSING New Zealand Herald, Volume LXXV, Issue 23228, 23 December 1938, Page 10
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