FINANCING THE DAIRY.

King Country Chronicle, Volume V, Issue 383, 2 August 1911, Page 3

FINANCING THE DAIRY.

From the purchase of land to the acquisition of a sewing machine "easy terms"—one plan or another for reducing initial outlay—abound in all directions. Some are better than others, all are an improvement on the system—or lack of system—known as open credit." The existence and extension of these scheme is indeed an indication that the old system, bad for buyer and dealer alike, is passing and giving way to organised arrangements; definite liability, under ap-

proved security. It might be thought that the limit had been reached; that the existing loan companies, traders, or private investors covered the whole ground. There appears, however, to be yet another avenue for the investment of capital, in connection with the dairy industry. The dairy farmer can acquire his land, his implements, his milking machine, his separator, and now comes his cows.

The demand has been promptly met | by the Waikato Dairy Finance Co., \ Ltd., of 11 and 12 Jesmond Chambers, ; Hamilton. I

At moderate interest this company I

will assist dairy farmers by granting loans for the purchase of cows, dairy machinery, etc.. and generally as regards dairying equipment. That a definite want is being filled is evidenced by the number of applications a'ready received. Interviewing the Secretary of the Company, our commissioner, on his recent visit to Hamilton, was surprised, not only at the volume of business in hand, but also at the ready response of capital to the new call. In spite ot the alleged "tightness of money," of the "shyness of investors," etc., it is evident that given legitimate outlets, a well-considered scheme and properly organised methods as regards security, any amount of money is to be had for the asking. The Hamilton Company is to be congratulated on being the first in the field with the supply of this latest demand. Without question, the dairying industry of the Waikato must receive a powerful impetus in the facilities offered by this latest development.