£lm SHORT
(New Zealand Press Association)
APIA, August 20.
In the last four months the Bank of Western Samoa has had requests from 10(H) planters for loans amounting to more than £1 million.
The requests were made after New Zealand announced it would make available £lOO,OOO for restoration of the plantations devastated in the hurricane last January.
The supervisor of the development department of the bank, Mr D. Phineas, said the applications included many ambitious and feasible schemes.
But, he added, the bank did not have anywhere nearly enough money to finance them.
“If the bank had £1 million available for agricultural development loans, it could be profitably used”, said Mr Phineas.
Meanwhile, he said, the bank’s development department was working on a capital of £lO,OOO.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660822.2.14
Bibliographic details
Press, Volume CVI, Issue 31144, 22 August 1966, Page 1
Word Count
126£lm SHORT Press, Volume CVI, Issue 31144, 22 August 1966, Page 1
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.
Log in