A valve apparatus has a flow control valve having a supply passage communicating with a hydraulic fluid supply source, a load passage communicating with an actuator, and a first meter-in variable restrictor disposed between the supply passage and the load passage and opened dependent on an operation amount there; a first signal passage located downstream of the first variable restrictor and having a passage section for detecting load pressure of the actuator; a tank passage communicating with a reservoir tank; a discharge passage for communicating the first signal passage with the tank passage; and a second variable restrictor provided in the discharge passage and having its opening variable dependent on the operation amount of the flow control valve to produce in the first signal passage a control pressure different from the load pressure, the control pressure in the first signal passage being led to the hydraulic fluid supply source though a second signal passage. An auxiliary restrictor is disposed in the first signal passage to reduce the load pressure detected in the passage section of the first signal passage so that a pressure lower than the detected load pressure is produced in the first signal passage as the control pressure.