RURAL CREDITS

Dominion, Volume 19, Issue 257, 14 July 1926, Page 9

RURAL CREDITS

RETURN OF COMMISSIONERS VALUABLE INFORMATION GATHERED GUIDE TO CABINET AND COUNTRY By Telegraph.—press Association. Auckland, July 13. Colonel J. J- Essuu (financial adviser to the Government) and Mr W. J. Polson (president of the New Zealand Farmers’ Union), two members of the royal commission appointed by the Government to inquire into foreign systems of rural credits, returned by the Lilimaroa this evening from their world tour. The third member of the commission, Mr. P. H. Cox (inspector of the Bank of Australasia, Wellington is returning to New Zealand by the Maunganui, which is due at Wellington on Monday. The members of the commission left tlm Dominion just under a year ago and during their absence visited Canaria and the United States, South America (including Uruguary, Argentine, Brazil, Chili and Porn), Great Britain and the Continent, and latterly the Australian States of Western and South Australia, Victoria and New South Wales . In each country they investigated existing schemes for advancing credits to farmers, whether at instigation of the Governments, the hank or farmers’ organisations, and incidenta'ly made a study of trade conditions and opportunities for emigration prevailing in the countries visited.

Colonel Esson stated to-day that Q groat deal of valuable information had been gathered as a result of the mission and this, together with the commission’s comments and recommendations, would be compiled in the form of a report to the Government While he was not at liberty to divulge the nature of the renort, he thought that it wou’d at least be a valuable guide to cabinet and the country. The commission was indebted during its tour to the generous co. operation of British ambassadors and consular representatives in all parts of the world and to the liberal assistance extended by foreign ministries and heads of government departments. Colonel Fsson expressed himself as being much impressed with the rapid recover’- which Europe had made from the d°vastatinc efforts of the war and immediate post-war periods. ' Tie had been struck, ton. bv the extraordinary stability of the Continental farmer rind his steadying effort, on the chaotic fortune of war-smitten Europe.