RURAL CREDITS
(Press Assn.
FINAL CONFERENCE OF ASSOGIATION AT WHANGAREI
— By Telegrapli — Copyright).
Whangarei, Thursday. _ The fourth and final conference of the Rural Intermediate Credit Association was held to-day. Mr. J. N. Massey, who presided, said that the board had advanced to farmers, either directly or thfough the medium of the association, £1,000,000, with nndoubted henefits to the farmers concerned. The board felt that it would be wise to extend the five years' period as a maximum term of loans, hut in the meantime had arranged that any balance due on the loan at the end of the term should not he arbitrarily called np, but run on overdue with suitable periodical reductions if the security wrere adequate and the conduct of the borrower had been satisfactory. The Rt. Hon. J. G. Coates sent -a telegram of welcome to the members and congratulated the board on its work.
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Rotorua Morning Post, Volume 2, Issue 553, 9 June 1933, Page 5
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148RURAL CREDITS Rotorua Morning Post, Volume 2, Issue 553, 9 June 1933, Page 5
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