RURAL CREDITS.
SHEEP FARMERS' POSITION.
CHANGE FOR THE BETTER.
(By Telegraph.—Press Association.)
MASTERTON, this day.
Favourable comment was passed at a meeting of the directors of the Wairarapa Rural Intermediate Credit Association on the phenomenal change for the better in tlie position of borrowers who relied on sheep farming. The directors felt that the eheep farmer could now be expected to conform to the policy of the board, and make an annual reduction in hie overdraft limits.
The district supervisor stated that the board was willing to take over the accounts of farmers who could ehow a satisfactory margin of security on their stock and implements. Collateral security, in the nature of mortgages on land or a guarantee, would be accepted in suitable canes.
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Bibliographic details
Auckland Star, Volume LXV, Issue 27, 1 February 1934, Page 10
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124RURAL CREDITS. Auckland Star, Volume LXV, Issue 27, 1 February 1934, Page 10
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