LOANS TO FARMERS
'CHANGE TO CHEESE SUPPLY
"Applications for assistance will be dealt with under the Farmers' Loans Emergency Regulations," said the Minister in Charge of the State Advances Corporation (the Hon. H. T. Armstrong) in the House of Representatives yesterday, in reply to an urgent question asked by Mr. J. A. Lee (Democratic Labour, Grey Lynn) on behalf of the Hon. W. E. Barnard (Democratic Labour, Napier).
The question concerned the changeover by farmers from creamery to cheese factory supply, and the Minister was asked what immediate financial assistance wculd be given by the Government to these farmers for meeting expenditure consequent upon the alteration in farm economy. "Would a free grant be given or would assistance be given by. loan?" asked Mr. Lee, who said there was doubt in the minds of many dairy farmers as to the nature and extent of Government financial assistance arising out of the Government's financial policy in respect to increased cheese production.
The Minister said that both the amount of the loan and the terms would be determined by the circumstances of each individual case, depending on the nature of the improvements to be effected, the life of the assets, and the resources of the applicants. "No free grants will be made in these cases," he added.
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Bibliographic details
Evening Post, Volume CXXX, Issue 84, 5 October 1940, Page 8
Word Count
215LOANS TO FARMERS Evening Post, Volume CXXX, Issue 84, 5 October 1940, Page 8
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