SOLDIER SEITLEMENTS

New Zealand Times, Volume XLIII, Issue 10057, 23 August 1918, Page 3

SOLDIER SEITLEMENTS

LAND, MONEY. DWELLINGS NEW REGULATIONS GAZETTED. Regulations prescribing special tenures, financial provisions, and provision for dwellings were gazetted under the Discharged Soldiers’ Settlement Act yesterday. Tho regulations provide that the amount of advance that may be made to any one person under the Act, including all other advances made to tho same person, and still unpaid, shall not exceed £SOO, except that tho Minister, if, in his opinion, special circumstances render such amount inadequate, may authorise an additional advance not exceeding £250. In no case is the amount advanced for buildings to exceed £250; and all moneys advanced are to be secured by way of first mortgage, with a collateral hill of sale as further security in the case of money advanced for tho purchase of stock and implements. As regards dwellings, it is provided that land set apart for tho purposes of section 4 of the Discharged Soldiers’ Settlement Act, 1917, shall bo divided into such allotments as tho Minister may direct; and tho Minister may cause to be erected thereon buildings suitable for soldiers’ residences, or may convert any buildings thereon into soldiers’ residences, and from time to time may alter, enlarge, repair, rebuild, and improve any such dwellings ; that tho capital value of any dwellings disposed of under these regulations shall not exceed £1000; and that the Land Board, with tho consent of the Minister, may dispose of any such allotment to a discharged soldier under agreement to purchase.