RECORD TOTAL
Loan Authorisations In July Particulars Issued (N.Z.P.A.) WELLINGTON, Aug. 23. With an increase of almost £150,000 over the previous month’s figures, July was by far the busiest month for loan authorisations so far made to, exservicemen and women, states the monthly review of the Rehabilitation Department. Loans totalling £914,329 were authorised during the month as against the previous month’s record total of £769,280. This brought the grand total of loan authorisations made to the end of July to £9,541,197. Of this, £9,043,770 has been to men returned from overseas service and £6819 to returned servicewomen. Homeservice personnel have benefited to the extent of £378,997, merchant seamen £40,922 and widows and dependants of deceased servicemen £70,689. The number assisted by way of loans during July was 1149, bringing the total so assisted to 14,765, of whom, apart from seamen 13,440 had had service overseas. Eighty-nine ex-servicemen were assisted to purchase farms to a total value of £341,662, bringing the total of financed farms to 1044 at a cost of £3,537.509. By far the greatest increase during the month was shown in the number of loans for building or buying homes, the total for the month being 392 valued at £457,072. Of these loans 168 valued at £230,933 were for the erection of houses and 224 valued at £226,139 were for the purchase of existing dwellings. The total number* of housing loans now authorised is 4091, involving £4,514,271. Included in this are 2104 interest-free supplementary loans totalling £332,746 of which 231 totalling £34,795 were authorised during July. A total of 111 ex-servicemen and one ex-servicewomen were assisted during July to set up in businesses by being granted loans aggregating £66.919. This brings businesses established to 1712. involving £794,997. During July 524 were granted in-terest-free furniture loans involving £47,408 bringing the total of furniture loans to 7305 valued at £666.556. Twenty-eight loans totalling £877 were made for the purchase of tools of trade, making the aggregate of these loans 529 representing £16,104. Four advances for miscellaneous purposes totalling £391 were made, making a total of 84 loans of this nature involving £11,760.
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Bibliographic details
Timaru Herald, Volume CLVIII, Issue 23287, 24 August 1945, Page 4
Word Count
351RECORD TOTAL Timaru Herald, Volume CLVIII, Issue 23287, 24 August 1945, Page 4
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