NEW LOAN SCHEME.
FINANCE FOR FARMS. The Dairy Companies' Loans Emergency Regulations give authoritv to dairy companies to borrow money from the State Advances Corporation, and lend it to any of their milk or cream suppliers, the regulations being regarded as complementary to the Farmers' Loans Emergency Regulations, which empower the State Advances Corporation to make special advances to anv fj-rmer for the purpose of increasing o"r promoting the production of any primary product. Under the new plan, interest on loans is not to exceed £4 2/6 per cent, and the company is empowered to take such security as it thinks fits for any loan made. The money u borrowed by the companies from the State Advances Corporation, will be from funds made available by the Minister of Finance upon such terms as may be agreed upou £y the corporation and the company Repayment of money borrowed, and inierest, will be secured by agreement between the corporation and the company. |
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Auckland Star, Volume LXXI, Issue 221, 17 September 1940, Page 8
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160NEW LOAN SCHEME. Auckland Star, Volume LXXI, Issue 221, 17 September 1940, Page 8
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