Established the Government Advances to Settlers Office with the original purpose of providing cheap land for farmers in a period of falling overseas prices. It also allowed the government to lend to rural settlers who owned land but had limited access to capital and were hampered by high interest rates. Māori were excluded from this initiative.[i]
Footnotes
[i] go to main content David Thorns, ‘Owner Occupation, the State and Class Relations’, in Chris Wilkes and Ian Shirley, eds., In the Public Interest: Health, Work and Housing in New Zealand, Auckland, 1984, p. 218.