REHABILITATION LOANS

Otago Daily Times, Issue 25801, 23 March 1945, Page 4

REHABILITATION LOANS

BOARD’S MONTHLY STATEMENT - TOTAL OF £5,883,616 GRANTED (P.A.) WELLINGTON, Mar. 22. The monthly review issued to-day by the Rehabilitation Board shows that by the end of February the total sum advanced in loans to ex-servicemen and women was £5,884,616, of which £5,494,499 had been advanced to men returned from overseas, and £3666 to returned servicewomen. Demobilised home servicemen and women had been advanced £302,721, merchant seamen £25,585, war widows and dependents of deceased servicemen £57,145. During February the total amount of loans authorised was £370,352. • • By the end of February 2491 servicemen had been granted loans for houses, the total sum advanced to the end of February for this purpose being £2,681,023. During February 184 loans were authorised for eligible housing applicants, the sum involved being £197,295. A total of 1206 discharged men and women had, by the end of February; been placed in. small businesses, the total sum advanced being £519,387. In February the board lent £47,237 to 87 applicants to establish them in businesses.

During February, 29 ex-servicemen were advanced £ 98,025 to buy farms bringing the totals to date to the end of February to 680 and £2.184,992. A total of £26,663 was advanced in February to 288 applicants for furniture loans, and the accumulated totals to the end of February were £478,101 and 5248 applicants.

Twenty-six applicants were granted £847 for the purchase of tools of trade during February, the total sum being £12,136 for 408 applicants. Loans for miscellaneous purposes approved in February totalled £285; altogether to the end of February 53 loans had been made for a total of £7977.

To the end of February, a total of 2775 ex-servicemen and women had been allocated State rental houses and flats. February’s allocations totalling 95.