rAOs two THE DAILY NEWS Friday Ma: ' it! Forty New Houses Jhis Year Under Dominion Housing Act r A Good Time To Build s : The Dominion Hou.In? Act affords an opportunity to build and own. your own home on reasonable term. At the same time you are enabled to assist our buildin? trades and services back to a desirable and necessary condition of activity GEORGETOWN LUMBER & BOX CO, LTD. Mill and Box Factory at Georgetown Mills Home of Lumber Manufacturing for "0 Years Mitchell 6c Currie Pioneer Builders and Contractors Prices Submitted For AH Kinds of Construction Work, Repairs Joinery, Hardwood Floors, Etc, IDEAL CLEANERS If you want Suit, Coat, Curtains, Drapes, Ladies' Gowns Cleaned Phone 858 We Call and Deliver Howe & McNulty Builders' Hardware Paints and Varnishes. Household Utensils PHONE 3Ct SECOND AVENUE When Building Let Us Figure on Your Wiring and Lighting Fixtures PARKIN ELECTRIC CO. Send In Applications For ihem and it is expected that, during the year there will be a considerable 'nflux cf people whose needs must be provided for. Mostly the demand is for small places at moderate prices. There is also a de-nand for very small homes such as four-room cottages. These must have good plumbing and convenient clothes closets and must be built on concrete or stone foundations. These are minimum require ments for any homes erected under the plan. It is probable that in Prince Ru-iert, if the loans can be secured, a good many loans would be asked pn house! costing approximately $2,500. The loans on such a home would he 45 Oftfl nn whirh thp njopaymS to $13.08 and Any person building under this act should have at least $500 and pos sibly a little more. The mortgages under the scheme are made out for ten years only but are renewable for another ten un der a Loan It is Easier to Build Than to Pay Rent Under Plan of Financing gested by Federal Government. It is Great to be a Home Owner Instead of a Renter Should Spend At Least 100,000 L0ANS UNDER fin N fill Mniicac In iPvin nn. PimAvt- HOUSING ACT VSll 11IT 11UUOV.O All 1 1 llllC llUpCll This Year If Loans Available If loans can be secured under the Dominion Housing Act it is estimated that at least $ipojOQQ..vi!l be spent this ear in erection of new dwellings in Prince Rupert These will be mostly small cottages or tvo$torey houses erected' i,,cn.i8 iui uiui uu uc. ln order lhe tota, People Who have been looking f(r houses m the City' monthly payment to be made by -ecenuy nave Deen unable to gen The loan company in each cafe puts up sixty per cent of the money and the Government of Canada twenty per cent, the interest rate being five per cent per annum. A number of communities ouUide the large centres are applying for take advantage of the provisions of j the act, send in a large number of! Tables Showing Payments to be Made on Loins Under (lovern-ment Plan Table showing amounts of! monthly payments for repayment of loans of various sizes, including interest at 5 and amortized over ia period of twenty years. -- the borrower, one-twelfth of the ird in the, past in regard to finan-j current annual taxes should b :ial matters and whose income is added to the monthly payment :uch that it seems probable he or he may be able to complete the payments. It is probable that the building nay be restricted-to certain areas :n which there are streets and side walks and where in case the pay ments should not be made there would be a ready demand for houses of the kind. figure shown below. Amount of Monthly Advance Payment 1.000 2.000 13.03 2,500 1C.35 3.000 19.62 3,500 22.23 4,000 2G.15 4J5O0 . 29.42 ..5.500 35,96 5,000 32.09 0,000 39J23 G.500 4250 7.000 45.77 7.500 4904 8.000 52.31 8,500 55.58 9.000 . 58.35 9500 62.11 1Q000 65-38 applications so that it may bej worth while for the company op-j the Commodore Cafe when team erating here, .to appoint an intpec-- from each club will debau:, the Gy-tor to have an oversight of the work ros supporting a resolution "Re- the loan company gainst j solved That jto which all payments will have fraud- I Snould Be Al to make hppn l mflrfp made. Those TVirp trichina wishing All Service Clubs larger repayments than required by' " W eighty per cent on wry uiuo lasjng me negative, vne Jthe Act can do so by arrangement, ' the cost of a house 15 directly or in- debaters will be Dr. R. O. Large and thus shortening the term under directly paid lor laoor, so tne i.w.mown ior me uyros ana ue which th; loan is made and reduc- spending of $100,000 in this com- Gordon and J. J. Little for the Ro- ing the amount of interest charges, 'munity would be a great help to tary. Since the announcement made by improving labor conditions. the commissioner that applications would be taken for loans, there has been a great deal of interest shown in the scheme. Many people have J declared their intention of apply ing jor loans, wnai is required is va secure iony or more gooa applications to place before the loan companies and the Home Building Committee in order that they may be given consideration. A Good. Applicant. A good application is one from a person who is able to comply with Rotarians And Gyros To Argue Debate Between Service Organizations to Take Place April 21 The Prince Rupert Rotary Club, at its meeting yesterday, decided to aceepythe recommendation of i a loinivommutrp tn no n n mini the requirements, who is liksly to dinner"! the Rotary and Gyro lepay the loan who has a good rec-j Clubs on the evening oi April 2? at . fl,. i lit MA i 'THft r -if- MacKENZlE'S FURNITURE REpROOM SUITES 1 4-piece Suite $70,50 1 4-piece Suits $83.50 1 4-piece Suite $90.00 1 4-piece Suite .777.' $131.50 Terms Can Be Arranged Phone :?5 327 THIRD AVENUE Abolished" arid the Ro- Dean Gibson will be the Judge representing the Rotary Club. ;! HYDE .' T f 315 SECOND AVE. IN SUMMER RURN Dry Wood BIRCH JACRPINE CEDAR Satisfaction Guaranteed Phone 580 -ttOVRKVMniST i.iqi 0 ACT 1 1 (SMlloo' ti I Notice til Application lor f'onent to Traimfer of Hrrr Licence i NOTICE U hereby given that on th' 24th day oS March nert, tbe under-1 tlcned lntewu to apply to th Liquor Control Board for consent to transfer or beer licence no. 374, Uaued In m-Ipect of premtoei being pin of a gliding knovn u Sprue crk Hotel, ltu-te on Spruc Creek, eight rnlkn trom AtUn TownUU upon Utute described u Placer Claim "81IIT" at Spruce Cr. British Columbia. Prince Kupert Land Hxglatratlon Durtrtct, in the Prorlrwi of Brltuh Columbia, from Mllford Ot-Dun Quwell to Bpruce Creek Ho; I Limited, of Spruce Crek, British CoU IumoMt, i ,1838. Dated ir tnU -iTaiMner, 18th day of February, 1! SPRUCE CREEK HOTEL LTUnTD Applicant and Tranaferee. It's Wise to Modernize Let the Northern B. C. P&yer Cohejp you own th.t kitchen ot your dreams. Make ilreams com? tri t -few dollars 3- montli. Our kitchen planning -.errice is free. Let us he;p i -i .t-rangr your new Kilchru or mod.':nizc y.ui . NORTHERN BRITISH COLUMBIA P0WR COMPANY LIMITED .kiM. HaKI. Kit Build dt Iwmw 2Ha m. , that the material and furnishings come from KAIEN HARDWARE PHONE 3 mm Dybhavn & Hanson Fire Insurance Real Estate Steamship Tickets Fred Scadden Painting and Decorating W. R. LOVE ELECTRIC CO. Electrical Supplies and Maintenance Prince Kupert, British Columbia