FARM MORTGAGES.

Akaroa Mail and Banks Peninsula Advertiser, Volume LVI, Issue 5991, 3 May 1935, Page 2

FARM MORTGAGES.

To the Editor. Sir. —1 once a;g"aiini crave youir indulgence oif a littlei .spiacei to reply to ' criticism l oif "4% 'Per Cent" on the table I s-uibrniittedl of price per acre carry capacity, aind .return's to a Pen insula dairy farmer. I ,am sorry not t.0 1 toe ablta to, accept "4 Per Cent's" j dliismissall ini what lie terms "our little tournament." :But to d'o so, following h'ils comment's o.ni the figures submitted! would .be. to leave the : Peniiinsul/ai dairy farmer ini a.n unfair 'position.. "4%; Per Cent" summarily 1 dismisses 'the Peninsula. farmer as incompetent because; of hi»s returns. Weigh the theorist; and the producer . in the ballaaucie andl the theorist is found wanting' a® he condemns for want. oif Comprehension, He: does not take initoi consideration! the conditions , that have: brought about 'these returns. Fo'ri three years now the Peninsula daiiry farmer has. had to J contend! with droughts at .some preiod of the producing season. This year (thlel position: Tuasi .been so bad that 1 1 cowiS 1 for want of fee'dl have gone dry, and! factories .have; closed in some 1 ' instances wit hi a season of only seven, i months. JStareiiy Per 1 cent/' now ' I that he under stand's, will extend ' sympathy for harsihpis l endlured and i j niot condemnation for want of efficiency, wilthi conditions over: which. i | farmers hawe no- control; 'Then that . * statement of product loan, of SOO to 1 3401bs of ibutterfat! at iOd! per lb. It I! 'is lalright to quo tie as am. argument,' | but those figures' do noit apply to' l Cante'ribury a® the payout' te too high 1 1 up to 'tibe present, .and the produic- ji tion could only .apply to places and j i districts such as Kaikoura wherie j i there has 'been good growth and! i yield as aigiainst most iareais in Call- 1 terbury, drought stricilceni. '1 il do hope that "4% 'Per Cent" as ; magistrate l .and' tatoging in hi® many 11 I findwgis of .multiple "weaknesses of |' , farmers has based those findings on '

I ; more extensive evidence 'than his tt last 1 ooademnaition-. L Yours, etc., F. G. AIRIMSTBONG.