RURAL CREDITS

Hokitika Guardian, 14 July 1926, Page 3

RURAL CREDITS

NEW ZEALAND COMMISSION. BT TiILKORATH—PRIMS ASSN., COPYRIGHT AUCKLAND, July 13. Colonel J. J. Esson (Financial Adviser to the Government), 'and Mr W. J. Poison (President of the New Zealand Farmers’ Union) two members of the ltoyal Commission appointed by the Government to inquire into foreign systems of rural credits, returned by tho Ulimaroa. this, evening from their world tour. The third member of the Commission, AT;- P. TI. Cox (In«pector of the Bank of Australasia, Wellington) is returning to New Zcnland by the Mnunganui, which is due at Wellington on Monday. The members of the Commission left tho Dominion just under a year ago, and during their absence visited Canada, and the United States,j South America (including Uruguay, Argentine, Brazil, Chili and Peru), Great Britain and the Continent, and latterly the Australian States of Western and South Australia, Victoria and New South Wales. In each country they investigated tho existing schemes for advancing credits to farmers, whether at the instigation of the Governments, the hanks, or the farmers’ organisations, and incidontly tney made a study of trade conditions and the opportunities for emigration prevailing in the countries visited. Colonel Esson stated on his arrival that ft great deal of valuable information had been gathered as the result of the mission, and this together with tho Commission’s comment anil recommendations, would bo compiled in the form of a. report to the Gov-

ernment. While lie was not at. liberty to disclose the nature of the report, lie thought it would at least he a valuable guide to the Cabinet and the country. The Commission was indebted during its tour to the generous cooperation of British ambassadors and consular representatives m all parts of tho world, and to the liberal assistance extended by the Foreign Ministers and Heads of the-Government departments. Colonel Esson expressed himself as being much impressed with A. the rapid recovery which Europe and \7 m ndo after the devastating effects the war, and the immediate post-war periods. He had been struck too by the extraordinary stability of the Continental farmer, and his steadying effect on the chaotic fortunes of v,«rsmitten Europe. ______