MONEY FOR FARMERS
BRITISH SCHEME SOON TO OPERATE LOANS on mortgages Jj Official Wireless. Th 115 a ‘ m RUGBY. Thursday, ion »wL' CUltUral Mor tgaSfi Corporate iij..- was foviued as a result of -to i,„ IKS Agricultural Credits Hon in /, ear ’ w: ** begin active operaU la a few days’ time. on a ®*' iac iPal object of the corpora!aS of i-i e^nec * the Act, is the maktrai „„ ans on mortgages for agriculfn.ri>ofes' Tlle corporation has tost of ?v. ec * w it h the co-operation of •ffanzea . lars:e hanks, which have ip capita) lo PUt up of paid- °- n * s limited by 111 order, t 0 5 per cent - per annum. -Bade t 0 aecure that loans should 5 bonv. ° n tae terms most favourable “urrowers. 9overed ilUister 01 Agriculture is eruption f° advances to the corPen. the Purpose of establishtost not rantee * UU 'U These advances Pt, ’rif Xceet ?. •£"5.000 iu the agree--8,1 (or no ei be ffhe from inter--urther r?' SoT lded • tj ° vertlrlle ht assistance is 4? the ti lD 4* e shape of nnderwrit'■'■'silriiinT 1 issue of debentures to a ■‘asu rv £5,000,000, and the fl '2so(inn . 8 Dower to Invest for {i 00 ln debentures. •etiid to 6 p hesent. however, it is pro’''allabi„ a dvauee loans out of the r h is6„ p saare capital, and to defer ot debentures to a later
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290104.2.76
Bibliographic details
Sun (Auckland), Volume II, Issue 553, 4 January 1929, Page 11
Word Count
227MONEY FOR FARMERS Sun (Auckland), Volume II, Issue 553, 4 January 1929, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in