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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 18, 1971
Page
4
The maximum loan under the War Service Homes Scheme would rise from five thousand to nine thousand with assent to the required legislation. Applications for the increased loan would be accepted from eligible new purchasers and borrowers.
The document outlines a shift from housing advances at concessional rates to direct grants to states for housing and education. It details annual and cumulative grant figures from 1971–72 to 1975–76, the new loan limits, and increased funding for war service housing. It also notes changes in capital grants, improvements in administration, and updated education and university expenditure projections.
Aid to Papua New Guinea is raised with a planned increase of about 4 million dollars in official development assistance. The Commonwealth fund emphasizes a 1 percent of gross national product target for all development flows, official and private, to developing countries. Last year Commonwealth assistance totaled 1.545 billion, with payments for implementation at 87? and development grants contributing to research and growth efforts.
The report outlines government efforts to regulate assistance to rural producers, noting a budget estimate of 2.5 million pounds for the year. It highlights anticipated effects on Wey economy and the broader push for support measures, including court actions and price controls, with a continuation promised on the next page.
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