LOANS TO FARMERS
AN IMPRESSION CORRECTED. (Per Press Association.) WELLINGTON, July 12. Although a statement recently issued by the Executive Commission of Agriculture stated that loaAs granted to dairy farmers for the modernising of equipment on their farms would be at the rate of 4 per cent., there exists in some quarters an erroneous impression that the farmer will have to pay in addition, the 1 per cent, which it is intended to allow dairy factoiy companies to cover charges incurred in assisting in the administration of the scheme. This \ per cent, will be paid to the companies by the Treasury in cases where the factory borrows money from the Government to advance to its suppliers or guarantees sums borrowed hv individual suppliers. It is the desire of both the. Government and the Commission that dairy farmers requiring advances should be able to obtain them at’ the powest possible rate, and without the cost of the loan being increased by administrative charges.
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Ashburton Guardian, Volume 55, Issue 231, 13 July 1935, Page 7
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162LOANS TO FARMERS Ashburton Guardian, Volume 55, Issue 231, 13 July 1935, Page 7
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