RURAL CREDIT.

Press, Volume LXIV, Issue 19463, 9 November 1928, Page 15

RURAL CREDIT.

R|kbbntubeß all taken* OFFERING FREELY gptdal Btrrict.] i November 8. (liter (Mr Coates) anjjg has been advised by of Rural Intermedithe whole of the first HgyTthe Board's debentures. HHiJLjfl and that further sums offered. It had been WK* fa Government grant of ioon be exhausted and HIL tould then be no further porposes of the Act, but HSrjL jyu been shown to be withBBF?!i frn> gjneo there is ample KlJfcaO tJM insistent demand for WrfSfupt debentures that large sums assured to enable the small farmers, at a B nd on terms giving MBBLijiat arbitrary demands for enquiries received by mßStofa-el Rural IntermedilioP(llr J. W. Macdonald), Indications that the would meet with a JWnSffiJ jt' Was decided that the flMsw4ald be .a private one of result nas been most 'amount has befin gßrnfea there is continuous apCommissioner of Rural fiffi|S f Credit for further debenWmmibh demand. It is proa further issue of HfflliSier Section 20 of the HMSaiAJ>»to Credit Act, to the HNEmq(MX)O, and it is confidentHKfiniiat «° diilioulty will be. the money on .terms as in the iuue. Already, a olosely asaociatindustry who have HBloifipathetic and helpful at■Klfiafdi the administration of stated their intention of ■Tdebentures, While enquiries HSw bsnlu and private savings that substantial finanH§puu» will be forthcoming. ■Ski of the. Government are ■mftirtht goodwill that has been manifested since the in* Kbeme, the ■K to 1m» successfully conducted ■Khterots <>f the farming oom■Klbe fact-thst the whole of iiasbfcen raised with■pMrtunt Of one pedny by way ■k; and without the addition |M%gpea*e beyond .the printing of ■Peotniei, is most gratifying to BBErnnumt .-"And itsis evident from applications for debenmm further J«ne t turns can be Sifen a eircum--5* ttit tillbF Wflected in the STof interest* to be .charged on ||m Board. It IttithAof the to secure buseial the fariers under flui' RnMifitermediate Credit Act on the bestpottible terms, ad with tiwt end in viswvevery effort ' befag asda to keeplne Expenses of Mugemeni and the overhead charges lb* m possible. The raising of large w'of money without expense will dp ippreeiably in achieving the demntnlta. Umtetof line and small sums few ttprowhedthe Commissioner of farailntermedii v Credit with reMb for debentures, but since the w&aiooer it,preluded from reoeivH tWr doom ontU ' all the necesteqnirements have m (goofed with, arrangements have wi «w ta;n»et.the wishes of in#b hiriM their money available, |pjajt> ntft' be disappoin ted if it accepted.- now, Accordingly, pe» d«ra j t«) take up debentures IJjW their,, money to the Public Bye (whs nets 'as' fiscal agent of ■Kuril Credit Board), aoneya and allow erertaa the deWOlild, bear until rther debentures ; Those who deer of this priviwy to the credit rat any branch 1 Office, or any nbNew Zealand, ►ted free of ■ expand become in(ie date of deady issued have i of £IOO, £6ou. i "Act makes'" proitors desiring to 9 opportunity of sting in the adMine, debenture ill also be made The.debentures e years and bear 51 per cent, per auld notify the r wishes regarda of the debenileasing to the lat the merits of ib' so strong an idministrationof such confidence ig forward freely Wary to enable ie the farmers nion with - the ad to learn that ernment to solve i associated with are, met with so •b earlier stages jected to very failure was freembts were even b of the GovernAct and setting. snrry it oat. But i Board and the .applications for ith the readiness ses to make their rd a "unmistakable nciplee embodied ughjy sound, and By t the Governiteriallv to solve ng problems .with