ADVICE TO SOLDIERS.

Colonist, Volume LXI, Issue 15024, 19 March 1919, Page 2

ADVICE TO SOLDIERS.

LOANS FOR BUSINESS PURPOSES.

\ery large numbers of returned solj diers are building big castles in the air, |atter hearing or reading that the Repatriation Department may lend money iup to £300 to help such men to start m business. There seems to be an impression among many of the men that | this i s the ' 'retrospective, allowance scheme, for their applications for a loan do not show that they have even an i elementary knowledge of business | l£can be said plainly and emphatically (says, the Wellington "Post) that1 -unless a man can satisfy the Departmental authorities that he has a reEsonabe prospect of success in business he will waste tune for himself and a board by putting in an application. The r^vT f% ]] r re al? tryinS t0 avoid the ; record of failure that marred a =irr-i>r policy in Australia. . lul 1 It is explained that a loan for business purposes to any person who lacks the knowledge and other equipment necessary for success may not be aP£ndness jut -an injury to the borspwer. After failure, he will iiaveUhe s«nse of discouragement He has to beg n ™ am as a worker at his previous occuWionor perhaps at one not as good—and has a burden of debt. The State then lacK a certain amount of capital, which could have been turned to a productive use, and it has also lost the man power of the person who spent time and money m arriving a t inevitable failure