TRACTOR PLAN REJECTED BY MR. NASH
WELLINGTON, July 30. The proposal of Federated Farmersfor the purchase of Anierican farm niaehinery by means of a loari 6'5, 000, 000 dollars" from the Bank.-..*n America has not' been aecepted by th Minister of Finance (AEr. Nash). The farmers' proposal, originated l).\ Air. R. (1. Buckleton, chairman of th, Doniinion action committee of J? ederat ed Farmers, was discussed xvhen t. (leputation headed by the Dominion president (Air. W. N. Perry) met Air Nash yesterday. Air. Perry, reporting later to tiiv Doniinion eonference, said that .AU Nash was not very mucL in favour oi the scheme. The Alinister said in effeci tliat since tlie Oovernment would ha. 5s to give its guarantce for the amount oj the proposed loan it would be practical ly a New Zealand Oovernment Joa. caised from a private bank in America The Gpvcrnment could not agree t(> that. ** Air. Perry said that the Minister haa given an assurance that the Governmeni would do the niost it could to see tha; tractors could be obtained from Ameri ea so long as it did not injure Britain 'fdollar pool position. "I am, afraid," said Mr. Perry. "tliat there is not mueli chance of get ting ATr. Nasli to agree to Mr. Buckle ton's scheme, wliich had been endorsed by the. dairy, meat and wool, ant, agricultural sections .of FederateJ Fatmers. "
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Chronicle (Levin), 31 July 1948, Page 5
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230TRACTOR PLAN REJECTED BY MR. NASH Chronicle (Levin), 31 July 1948, Page 5
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