AID FOR FLAXMILLERS
CABINET WILL LEND £4,000 NO STABILISATION FUND From Our Own Correspondent PIAMILTON, Today. ~ following reply to requests cf the deputation from the New Zealand FlaxmiHers Association, introby Hon ’ J ’ G - Coates to a 6 I Hon - Forbes, on May G at Auckland, has been received by Mr W. Lee Martin, M.P.
I have placed the matter before Cabinet, which after careful consideration has decided that the establishment of a stabilisation fund for the industry could not be agreed upon. i? a ; 1 A l AA t, . However ' is prepared to lend £4,000 tor the purpose of the Association establishing its own fund The amount is to bear 5 per cent, interest per annum, and to be subject to a joint and several signed by owners in the association, to be repayable, as agreed by State Advances Board, which will provide the money.”
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300517.2.127
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Sun (Auckland), Volume IV, Issue 974, 17 May 1930, Page 11
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145AID FOR FLAXMILLERS Sun (Auckland), Volume IV, Issue 974, 17 May 1930, Page 11
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