THE FARMERS’ PLIGHT.
ASSETS BELOW “Our assets are below our liabilities,” said a partner in a farm on the Hauraki Plains yesterday. “There are many other farmers round Were in the same fix, and are only hanging on hoping for conditions to improve.” Another farmer in ’he same district also remarked that though he himself was not feeling the pinch to any great extent, he knew of several whose incomes were not sufficient to pay their debts. It is to be sincerely hoped that a general improvement in the primary products will be shown ir the n'ear future, or, if the above statements are anything to go by, numbers of men on the land, especially those who bought during the boom, will be faced with financial ruin. .
It is, therefore, not strange that the ratepayers in theHauraki Plains County have shown reluctance at being asked 'to vote on to-day’s proposals without at first making detail-; ed inquiries into the pros and cons, and mote particularly regarding the .rates -which they will be forced to bear.
Most farmers are facing the situation with good spirit, and though a number unload their sorrows freely one and all have a smile in anticipation of better times ahead.
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Hauraki Plains Gazette, Volume XXXIII, Issue 4367, 18 January 1922, Page 2
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204THE FARMERS’ PLIGHT. Hauraki Plains Gazette, Volume XXXIII, Issue 4367, 18 January 1922, Page 2
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