RURAL INTERMEDIATE CREDITS
DECISIONS OF THE BOARD U'I'I'.SS Ab.-jOCIATIOX TEI.I.CP.SM. I WELLINGTON, October IC. Af the monthly meeting of the Rural Intermediate Credits Board the commissioner, Mr J. W. Macdonald, submitted a report on a conference between the principal district representatives and the executive officers of the head office, held recently in Wellington. A number ol the recommendations of the conference were agreed to by the board, including one which delegates to a limited extent to district boards power to approve the postponement of principal payments. The board also approved the extension of power to district organisations in readvancing the proceeds of stock and produce sold, subject to limits as to the amounts involved and certain necessary safeguards. It further approved of a proposal to increase the powers of district supervisors in respect of loans granted by the board direct to farmers.
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Press, Volume LXIX, Issue 20988, 17 October 1933, Page 8
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142RURAL INTERMEDIATE CREDITS Press, Volume LXIX, Issue 20988, 17 October 1933, Page 8
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