LOOSE METHODS
FARMERS AND FINANCE ' (By Telegraph.) . . (Special to the "Evening Pttt.") DUNBDIN, Ist Junej The loose methods of finance followed by farmers was commented on by ' the Hon. O. J. Hawken, Minister ot Agri* culture, at the Otago Farmers' TJnloa Conference yesterday. " They borrowed money . for £*• years," he said, "paying very Uttla down, and expected to borrow the money again. When the loan was refused they came to the Government and expected it to lend. There has. been a fall in land values, and in many cases I find that farmers wanted to borrow not two-thirds or three-fifths, but m,or# than their land was actually. worth. The original arrangements made were, to say the least, hardly wise. I believe that many of our legal-friend* have been very las in advising, or nftt advising, their clients on financial ai.. rangements. Certainly in the South Island, so I understand, things are not so bar as in the North, but there is a responsibility that I believe has been seriously neglected in many, cases.- I find that a great many farmers have very little idea of finance. That :i* only to be expected. Many farmer* have not had an education, being working men."
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Bibliographic details
Evening Post, Volume CXIII, Issue 127, 2 June 1927, Page 3
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201LOOSE METHODS Evening Post, Volume CXIII, Issue 127, 2 June 1927, Page 3
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