Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

RURAL CREDITS SCHEME.

OPPOSITION OP rOBMtWS.

i : "RABBITS IN A TRAP."

MMtrong protest against the Minuter Of ?inance'a statement that the success- !«■! issue -of rural Credit bonds would provide more money lor -State advances for wdrkers' homes, was contained In a* Cambridge branch of the Union, received by the Kxeeuthw last evening. The declared that this was turning ■JW' aon-FodactiTe channels at ft tfaM ,Vm it wa» urgently needed 'rtHWheriti.i'and that the government's policy was helpingto maintain the presettfc ictitfem Uod value#. - , stated that owing to M» pfeeent high- buildinfc values the aot.fconomioal, and that ftuaadjr many of'these worker#' homes had fftlle* back am to-the Government, a, fctoditiori .of affair's which had' consideribly aurpr i*ed MrDownie Stewart. Captain KnahwoHh declared that the lepth of Mr. Downie Stewart's schemes indofthe propaganda, was. -evented in the faet that theyhad taken 10 action when the bnnttereojaitjy raised heir deposit rates. Be maintained that is soon aa the Government breed by placet!*" nral credits bonds dt, the market at a, Ughtljr more attractive interest than he hankt were paying, the latter had aised their deposit rates to. the satae evel, ana this at a time when bank *tes throughout the world showed a *n»g falling tendency | "It ie adepbercan expect Only •JMve-omnHjr from the Government and, powers: behind it." When asked to to that effect, he «• like rabbits in a trap. tr,pp "'

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19270921.2.193

Bibliographic details

Auckland Star, Volume LVIII, Issue 223, 21 September 1927, Page 14

Word Count
228

RURAL CREDITS SCHEME. Auckland Star, Volume LVIII, Issue 223, 21 September 1927, Page 14

RURAL CREDITS SCHEME. Auckland Star, Volume LVIII, Issue 223, 21 September 1927, Page 14

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert