feb 26, 1958 - 3% loans -start

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The 3% concessionary loans for families earning less than a £1,000 per annum were introduced in February 1958 were subsidised as the interest rates were less than the SAC paid on money it borrowed from the National Development Loans Account

Source: https://forms.justice.govt.nz/search/Documents/WT/wt_DOC_94029549/Wai%2060%2C%20A002.pdf

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