RURAL CREDITS

Evening Post, Volume CX, Issue 100, 25 October 1930, Page 9

RURAL CREDITS

-—■ » ■' APPEAL TO GOVERNMENT SALE OF BONDS ABROAD An appeal to the Government ie stand behind the rural credit bonds anc enable them to be sold on the Londot [ market and on. foreign financial bourses '. was made in tho House of Eeprescnta i fives last night by the mombci* foi ■ Stratford (Mr. W. J. Poison). Mr. Poison said lie ■wished to ensure ! I that the farmers would get ehcapei 'I money, and that could not be don< 1 uuless'the State stood behind the bonds '■ He wished the Government to realist ' ibut, ninl 1o lake the step lie suggestcc ' as oik.' which would assist in keeping ■|tlie farmers on l-h« land. "We ha~< 'jgot. <0 koep the people oa the land ii ■ | ihe next year or two," he said, "other 'iwU'.i fln'v- will soon bu swelling ,th< ! jranlis of ihu unemployed. If the Stati ■ i.-anie dehind the- intermediate credit: ' board aii'l enabled the bonds to be sole ' in London and on the foreign bourse; ■ as other bonds are sold, I believe him ; dreds and thousands of fanners win • are in tho hands of stock and statioi t agents would be enabled to get chea] money. The stock and station agent; 1 would welcome it, for many of then ■" havo already stated that they will no 1 bo able to carry on their clients aii( will be threatened with trouble unles i something is done. I don't wishti 7 create any scare. I have information , that in some districts storekeepers hay 1 declared that they will not bo able t< i carry on their farmer customers be J cause of the position that is ahead. 3 know of one district in which store 3 keepers are owed £40,000 by farmer r in tho surrounding district. The- farmer are not going to get much from thei operations this year, and if tho store keepers can't finance them, to wkor I inc. they going to turn? The sif.ua.tio: s> is desperate, and I ask the Govornmen 'i to realise that they have got to- safe guard Uie farmers, >•?