INTERMEDIATE CREDIT

Evening Post, Volume CXXI, Issue 141, 16 June 1936, Page 16

INTERMEDIATE CREDIT

At the monthly meeting of the Rural Intermediate Credit Board held in Wellington, the following members were present: —Colonel J. J. Esson (chairman) and Messrs. E. O. Hales (Commissioner of Rural Intermediate Credit), John Brown, G. C. Rodcja, J. N. Massey, and W. Waddel. An apology for absence was received from Mr. Norton Francis on account of indisposition- . . , « The commissioner presented a comprehensive return showing the financial position of the Co-operative Rural Intermediate Credit Asosciations operating throughout the Dominion as at the end of their last individual financial years, and the volume of business transacted by them. The return showed that the forty associations now engaged in lending operations had a membership of 2134 and there was owing to the associations by their members the sum of £199,181, a small reduction below the amount for the preceding year. The eighth of the board's agricultural bulletins which has been prepared by the Fields Division of the Department of Agriculture, and has for its subject "The Manuring of Crops," is now available. Twenty thousand copies have been printed and a distribution is being effected with the assistance mainly of dairy companies, Co-operative Rural Intermediate Credit Associations, and branch officers of the board, from whom copies may be obtained. ins bulletin will also appear in some., of the leading farming journals, which have offered to co-operate ln the information contained in the bulletin before as many fawners as possible.