AID TO ORDERLY MARKETING

Evening Star, Issue 19326, 12 August 1926, Page 9

AID TO ORDERLY MARKETING

Something more than an ordinary svstem of finance is required m a country entirely dependent upon agriculture, which is the foundation or its whole economic and business structure (continues the Commissions report). So far as the supply of shortterm credit is concerned, the P failed to discover anything better than the facilities already afforded m New Zealand, under the ordinary banking conditions and the State Advances Office short-term system, which latter, however, docs not appear to have been used to any great extent.

As regards the long-dated loans and their amortisation, an extension of the present State Advances system, and the provision of capital by sale of land mortgage bonds, or debentures, which would find a ready market locally and abroad, should amply meet all reasonable requirements. . Some further provision is necessary to assist the orderly marketing of produce and the regulation and improvement of the process of distribution. The position has been met in tbe United States by the institution of an intermediate credit, under which advances are made on sound business conditions to co-operative associations or societies; but Joans are not made directly to individuals.