RURAL CREDIT BOARD

Sun (Auckland), Volume I, Issue 272, 7 February 1928, Page 8

RURAL CREDIT BOARD

PERSONNEL ANNOUNCE AUCKLANDER INCLUDED * Press Association. WELLINGTON, Monday The personnel of the board set t*. under the Rural Intermediate CrJS Act, 1927, was announced todav kr the Prime Minister, Mr. Coates. ~ The Act provides that the boam shall consist of seven membersTaf whom the Public Trustee, by vm» of his-office, shall be one. Th e j. mainius members, of whom at one shall have had practical crpew ence of farming, shall be appointed bv the Governor-General and shall hold office during his pleasure. The Pm? lie Trustee is to be the principal ere eutive member of the board, and hi bis Apacity as such shall be called the Commissioner of Rural lutertneih. ate Credit. The Governor-General has appointed the following six members;— Mr. John Brown, of Lowrliffo, Ca*. terbury. farmer. Mr. Thomas Eustace Corkili, o» Wellington, retired banker. Colonel James Jacob Esson, C.M G of Wellington, financial adviser to the Government. Mr. Norton Francis, C.M.G. rj Christchurch, company director. Mr. John Norman Massey, of Pn n j Auckland, farmer. Mr. William Waddel, of Wellingtoi. superintendent of the State Advances Office. The foregoing, together with s r John William Macdonald, the PuWk Trustee, are to constitute the board. In addition, the Governor-General has, under Section 9 of the Act, pointed Colonel Essou to be chains,, of the board, to hold office during tit; Governor-General's pleasure. The first meeting of the board is. under Section S of the Act, to be held at a time and place to be appointed by the Minister of Finance. As soo, as the necessary preliminary wort which has been very heavy, has ben completed in the direction of bringinj the Act into operation and linking o, the machinery with the existing organisation of the Public Tmst Office, the Act will be launched and applications for loans will be dealt with.