REHABILITATION LOANS

Opunake Times, 2 April 1948, Page 3

REHABILITATION LOANS

EXCEED £48,000,000 FARMING ASSISTANCE By the end of February 59,477 rehabilitation loans to ex-seryice-. men and women had been authorised to a total value of A48,331,400. For February itself 1,080 loans were authorised valued at £817,208. Loans have been for farms, houses, businesses, furniture, tools of trade and miscellaneous other purposes.

'■ Thirty-nine farm loans in February were valued at £182,596, and brought the total under that heading to 4,630 loans worth £18,838,555. Housing loans for purchase and erection totalled 381 in February, involving £437,261, and made the total to the end of that month 19,777 loans worth £23,246,779. Of these. 11,640 loans (£11,648,409) have been for purchase, and 8,137 (£11,598,370) for erection, while included were 11,317 free-of-in-terest supplementary loans, worth £1,696,597, intended to bridge the gap between pre-war prices and present-dav costs.

Including 8,044 ex-servicemen allocated State rental Houses, and those placed on farms of their own, the number of ex-service-men given direct rehabilitation housing assistance by the end of February totalled 32,451. Other loan assistance authorised lias been as follows: Business loans, for February 118 (£114.662), to date 5,849 (A3,590,190); free-of-interest furniture loans, for February 514 (£46,456), to date 27,773 (£2,550,006); free-of-interest loans to purchase tools of trade, for February 21 (£628), to date 1,177 (£38,436); miscellaneous advances, for February 7 (£5,605), to date 311 (£67,434).