CONDITIONS OUTLINED
REHABILITATION LOANS FOR BUYING SHARES P.A. WELLINGTON, May 25. The principle that ex-servicemen should not be granted rehabilitation loans to buy shares purely for investment was reaffirmed in a statement this aftenoon by Mr Skinner. The Minister said that the policy was that loans to acquire shares where the security would be a mortgage on the shares should be subject to the qualifications that the applicant had a satisfactory record and qualifications, that the acquisition of the shares was necessary for or allied to the applicant’s successful rehabilitation and that there was adequate security for the loan sought.
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Bibliographic details
Otago Daily Times, Issue 26781, 26 May 1948, Page 6
Word Count
100CONDITIONS OUTLINED Otago Daily Times, Issue 26781, 26 May 1948, Page 6
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