Every application for an advance shall be in the prescribed form, or in such other form as the Council may require, and shall be accompanied by plans and specifications of the proposed dwelling or repairs or additions. Every such application shall, if the Council so requires, be verified as to the facts contained therein by the statutory declaration of the farmer.

The Council shall obtain a valuation of the proposed dwelling either from the Valuer-General or any other person who is, in the opinion of the Council, qualified to make it. The Council shall require that the plans and specifications for the dwelling be approved by the valuer or other qualified person appointed by the Council for the purpose. The plans and specifications shall comply with the New Zealand Standard Model Building Bylaw as declared for the time being under the Standards Act 1941, or such other requirements as are for the time being prescribed in that behalf. The valuation shall contain a report on the necessity for the dwelling and the ability of the farmer to meet the charges in connection therewith. The Council may require the farmer to meet the cost of obtaining the valuation.

No advance shall be granted by the Council in excess of the valuation obtained under subsection five of this section.”