RURAL HOUSING
USE OF SPECIAL LOANS Enabling county councils to finance the erection of farm dwellings at an interest rate?of 3i per cent, the Rural Housing Act is being used to an increasing extent in districts near Auckland, according to information received by agricultural authorities in the city. Five county councils were recently circularised by the Auckland District Council of Primary Production, and so far four have agreed to participate in the scheme. Advice has been received by the production council from the Raglan County Council that since the scheme had become more- widely known applications for loans were being received, and there seemed little doubt that over a period of two or three years £.50,000 would be disposed of to good farmers who would benefit greatly from the cheap finance available under the Act.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19400812.2.84
Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23732, 12 August 1940, Page 9
Word Count
135RURAL HOUSING New Zealand Herald, Volume LXXVII, Issue 23732, 12 August 1940, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in