AGRICULTURAL BANKS

Dominion, Volume 19, Issue 253, 9 July 1926, Page 4

AGRICULTURAL BANKS

COMMISSION’S REPORT AWAITED There is a brief reference in the Budget to the question of rural credits. The Minister of Finance (Hon. W. Downie Stewart) explains that the iniportance of improving financial conditions for primary producers and tho desirability of acquiring tho best available information for guidance in that direction led to the commission being sent abroad. The commission had visited all the most important countries and investigated tho conditions governing land mortgage and agricultural banking, and it was expected that the report would shortly be available. Ho had no doubt the inquiries and findings of the commission would be of great value in promoting' the well-being or the producers and of the country as a whole. The di rectors of tho Hank of New Zealand had proposed to establish a branch of business ou tho long-term table-mortgage system to assist in developing and improving the conditions of the primary' producers, but until tho report of the Royal Commission was m tho Government’s hands it was not proposed to take any steps in connection with legislation dealing with agricultural banking and finance.