RURAL CREDITS

Hokitika Guardian, 15 May 1929, Page 5

RURAL CREDITS

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,INVERCARGILL, May 15. ''

Sir Joseph Ward states the results of the visit of the Deputy Commissioner of Rural Credits to the Waikato district have been gratifying. He found the Associations functioning satisfactorily,. and meeting the needs of a considerable number of borrowers, while the indications were that business will he greatly increased in The 'edniirig season; ’I In view of tide .excellent results, ;the' Deputy Coininis.sionei- w.ijl visit .Tarat)?kL' aj« juir eaijlk date, and later proceed to oilier parts of the 1 Dominion. ~ i;. The':total; number, of Associations p now. 'twenty-0ne..4 A gratifying feature was that many practical farmers hjyct joined the- Associations, not for the purpose of availing themselves of tjife lending facilities, but with the object of aiding the progress of the scheme/ their services being jmrely voluntary.;

FARMERS’ UNION DISCU SSI ON, & 4 AVELLINGTON; 'Atay 15, \ The Farmers’ Union Executive today discussed the fiscal question and the. nteecl of a ‘f'The general attitude was that it was too big a ject, and eventually it was decided confer with' the Ministpik l Disappoinjr inent that the Rural Credits system. iwas I 'hot- taking 1 the"place of the Advances to Settlers system was expreksfed by Mr Poison. The Union, lie saick was stronglj r in favour of the Advances i-system.* The State; Advan&js were advances made from money ooi rowed by the Government. Under the Rural Advances system finance was oh- f tained through the sale of bonds issued by the treasury upon the security of the pledged lands of the Dominion. The Rural Advances system guaranteed a steady flow of credit. During the past thirty years the amount of money available had fluctuated, according to the Government in power. Tile matter of making representations to the Government was left to the discretion of Mr Poison. • J