DAIRY COMPANIES TO LEND MONEY
ENABLING SUPPLIERS TO INCREASE PRODUCTION (United Press Association) WELLINGTON, September 12. With the objective of enabling dairy company suppliers to borrow money from their dairy companies in order to increase primary production the Dairy Companies’ Loans Emergency Regulations were Gazetted tonight. The regulations will enable dairy companies whose memoranda or articles of association do not provide borrowing powers to borrow from the State Advances Corporation to lend money to their suppliers for the purpose stated above. The Finance Emergency Regulations 1940, Amendment No. 2, particularly regulation 12, which permits a company desirous of raising additional finance to do so with the consent of the Minister of Finance, will not apply in preventing the company borrowing from the State Advances Corporation to relend to its suppliers.
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https://paperspast.natlib.govt.nz/newspapers/ST19400913.2.49
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Southland Times, Issue 24230, 13 September 1940, Page 6
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130DAIRY COMPANIES TO LEND MONEY Southland Times, Issue 24230, 13 September 1940, Page 6
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