RURAL CREDITS

Hokitika Guardian, 18 May 1932, Page 5

RURAL CREDITS

MEETING OF THE BOARD

(By Telegraph— Pet Press Association.)

WELLNGTONI, May 17. , At a meeting of the Kural Intel’* . mediate Credit Board, the, Conlmfs sioner presented a return of' arrears of interest and instalments, as at Mareh 31 last. It Wa s stated that now the production season ln\s ' closed, a comprehensive view of the accounts Sftatwr -th«tp J tWO-iK»jitinn generally is , . sound, tlw number of accounts giving pause for concern being comparison with fh* Bond’s total business. , It was reported that the Board ■» arranging a conference to be held at Palmerston North' on* June 4, at which representatives from the Rural Intermediate Credit Associations operating in Taranaki, Wanganui, iwatu, Hawkes Bay and Wairarapa districts will be present. • ■

Consideration was _ given to T the 1 policy to be adopted in respect of insurances over wool and crops, where the Board holds security over such wool and crops. It was decided that where th'e Board attaches importance to such security it would insist on m r suranee being affected over wool from shearing until it leaves the farms and over crops from harvesting until they leave the farms.