THE FINANCIAL OUTLOOK.
(To the Editor.) Sir,—ln your issue of April lis a very sensible letter by “T.H.1.,” and an accompanying cutting on “The Financial Outlook.” The idea is good that the Governmnnt should create “credits” for farmers. Numbers of people that I have spoken to are under the impression that “the Government is mad to borrow the way it has”; that “we are rushing to bankruptcy”; that “we will have to repudiate if we do aid the farmers with free finance”; that “every pound borrowed now is a step to Bolshevism.;” It is a certainty we cannot pay our 'interest bill if we do not produce more to make up for lower prices. And it is a certainty we cannot produce more unless we have the requisite easy assured finance, credits that are to the point of the farmers’ needs,n ot big “iump sums,” but small ones that will furnish the farmers’ requirements for production. I enclose a leaflet which I thing 'would be a lead to thought on this most important matter to your farmer readers. —I am, etc.. SAM. A. BROWNE, Clevedon, April 9, 1921.
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Bibliographic details
Franklin Times, Volume 9, Issue 625, 19 April 1921, Page 7
Word Count
188THE FINANCIAL OUTLOOK. Franklin Times, Volume 9, Issue 625, 19 April 1921, Page 7
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