RURAL CREDITS.

Press, Volume LXIII, Issue 19140, 25 October 1927, Page 10

RURAL CREDITS.

BILL Repo^tS|& [thb Pl wsr^^; The Rural IntenS|W which was Special Committee, Wi«£]s' to the Bouse Tho Bill as brought result of the Buril Ortill!! sion's report, and thej4'Slß main iu the Bui There aic now, hoTOTttyJXSI tne machinery clauses 4t2fi91l piiiy its m the dirootiou of jESsI tlio object being fo organisation in qajih'dßy|§|j man on the land, «tartjgg|| tion in finance etc. In the originalsj|SjlS made for a Central ikjJmfwS ton, with Advisory (W,ags out the Dorainwn, T& sidercd, would, as ttejywaf lead to congestion at ttej3lj and instead of AdvW-?sg| the Bill now makes trict Boards of a, TOmHSjS to whom tho Centra] jkjus»Js what powers it deßna<tojk3S District Boards wiU'otm^^g denco of the accounts branch, a'vrugralgl security branch Settlers' alterations sho«ld'fiSpßßW| Tlie Commission operative rural mto fjfflffljPffl associations, and ako Joi§jjSp|ll tive societies, remain tp|Pnafl unaltered. There is, Igjmt Wjsa ation in Section 4f|; "wljmbllbl made provision for Wj in fixed yearly inskktijP ma now amended to givp gMJ| WB Tho principal new fwWay mS mittoes 2a. This JBB provision for the 1 aqdmß Wm dealing direct wsi tuellg |ra9j positing sufficient viding one or two amount to be not of the loan. The g(s||wnl a relative, friend, or^|pjmH I stock or mercantile oT&lllk§3J tive society, whlch.pnfi |j|H companies. Under *% ||il|j farmer could 8 u workers, for not jesiini rafffl| off tin advance'* of £wQf||[§ the savings of the aMipfllsßn quite sufficient to prOTJflj§B|l land settlement on ticularly in connerion,f|ifflH Tlie Credits sum of £280,000. 10 years, to estab)i«l)|^H ,, H recommendations tt slsfil|H on a more liberal s^m|3|9 . pogal now is to inorajsolffllM of £360,000, free ofMijHM years, and after th&i~m«H| at the rate of 5 per oijlSH place the Board and this amount should provide a, S u lßwfflMM| enable it to sell jfaJiiltlKiiißi 'Hie bonds are nqitf exceeding tee securities. The mends, however, being trustee aecurjtifflpp|fl|M partments, including3tJi|HM Office, State AdTOhcesJG«H ment Insurance Departi!ii™B| Insurance Maori' Land vice Superannuation" Mw in the bonds of th'e" with this security sPyßg sell readily at the In the evidence thi^TO§|&H | Committee it would is ample capital in all trading pnrpoactf^WaWi 'effective means WffiM| a channel direct to farmers. guards, and at a Mftsff§ji|§