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Wednesday, 3 May 1961

Mr Stewart t asked the Minister representing the Minister for National Development, upon notice -

1.   What is the maximum loan advanced to eligible ex-servicemen under the provisions of the War Service Homes Act?

2.   When was this amount first granted?

3.   What was the average cost of purchasing or building a brick house of, say, ten squares, in each of the States, at that time?

4.   What is the average cost of purchasing or building a house of similar size, in each of the States, at present?

5.   How far will the proportion of maximum loan to purchase price "have to decline before an increase in the maximum Joan is granted?

Mr Roberton - The Minister for National Development has supplied the following answers to the honorable member's questions: -

1.   The maximum loan that may be granted under the War Service Homes Act is £2,750.

2.   By an amendment to the act which came into operation on 11th December, 1951, the maximum loan was increased from £2,000 to £2,750 in respect of "building applications. The maximumloan of £2,750 was subsequently extended to all forms of assistance under the Act on 8th November, 1954. 3 and 4. It is not possible to provide specific answers to these questions as the War Service Homes Division does not keep statistics showing the average cost of purchasing or building a house of the type mentioned in the questions.

5.   It is not practicable to furnish ananswer to this question. This is a matter which can only be determined in the light of overall budgetary considerations, bearing in mind that the division has on hand applications from a large number of ex-servicemen who are anxious and willing to proceed on the basis of the existing loan and that an increase in the maximum loan would necessarily reduce the totalnumber of applicants who canbe assisted.

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