RATE OF INTEREST
STABILISATION SOUGHT BY FARMERS Claiming that there was nothing so disturbing as financial uncertainty and insecurity, Mr H. J. Buttle moved on behalf of the Darfleld branch at the annual conference of the North Canterbury district of the New Zealand Farmers’ Union yesterday that the. Government be asked to stabilise the' rate of interest at the rate paid before the war, and that the principal should not be called up for the period of the war or 12 months alter. Mr Buttle said that under present conditions farmers could not be expected to pay off capital. Their position should be stabilised so that nothing would interfere with production. On the other hand, it would be readily recognised that for farmers to think of making profit out of the war would be a loathsome thing. He was confident that none would wish to do that. All that was asked was that contracts should remain for the duration of the war and a year afterwards. The remit was i adopted.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19410607.2.80
Bibliographic details
Press, Volume LXXVII, Issue 23349, 7 June 1941, Page 10
Word Count
171RATE OF INTEREST Press, Volume LXXVII, Issue 23349, 7 June 1941, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.