HOUSE BUILDING
f GOVERNMENT’S SCHEME OF ASu - SIbTANCE. [Per Press Association.] AUCKLAND, May 25. Replying io deputations requesting greater facilities to persons wishing to build bouses for their own use, Mr Massey said that the Government had advanced money to build or had built, was 12,861, and the money found was £18,316.330. He was going to ask Parliament to make a serious alteration in the law. At present the Government may, under the Advances to Settlers and Advances to Workers Acts, advance 75 per cent, of the cost of building. He was going to ask Parliament to increase this to 95 per cent. That was a pretty big risk and he did not shut his eyes, but it must be remembered that the State advanced money on table mortgages the liability automatically lessening with each half yearly payment. He suggested that under the ticheme the Government would have to provide probably a million pounds, as there would be a rush to take advantage of it.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 18790, 26 May 1923, Page 5
Word Count
165HOUSE BUILDING Wanganui Chronicle, Volume LXXXI, Issue 18790, 26 May 1923, Page 5
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