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Shannon News, 13 June 1922, Page 2

At a meeting of the Wairarapa Hy-dro-Electric Board the chairman reported that he had waited on the Prime Minister in reference to financial matters. Mr Massey suggested it would be unwise to go on the London market at present for the total amount of loan required. There had been a slight re-action on the London market and Mr Massey’s advice was to carry on for twelve months, when he expected the money market would be easier. His opinion was most emphatic that concerns such as Electric Power Boards would be on a better footing for borrowing large sums than industrial concerns. Mr Mo.ssey thought not only the Government but Power Boards should borrow their requirements within the country and thus prevent interest leaving the country. Mr J. Beverley, plant breeder at the Central Development Farm, is retiring from the position. This work wiil not be persevered with'by the Agricultural Department in the meantime, and the grass specimens in the experimental plots have been moved to a new position on the farm, where they will be retained for demonstration and identification purposes.