MORE CAPITAL FOR SHORT TERMS
It soon became evident that, without seriously disturbing existing methods, settlement and production could be facilitated in New Zealand by extending the functions of the State Advances Office,- and embodying in its administration certain of those principles which are being so successfully applied in other parts of .the world where, under the better organisation of securities, credit for ’agriculture is obtained on the most favorable terms. The members of the Commission were unanimous in the opinion that any readjustment of conditions in New Zealand must conform to the interests of the whole community, and that any scheme that they might formulate should bo designed to establish closer and more friendly relationship between the farmer, the business man, and the banker. The formation of long-term mortgage co-operative loan associations is not considered necessary in New Zealand, where the producers already possess a sound and efficient system designed to supply borrowers with capital at cost price.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19260812.2.107.4
Bibliographic details
Evening Star, Issue 19326, 12 August 1926, Page 9
Word Count
159MORE CAPITAL FOR SHORT TERMS Evening Star, Issue 19326, 12 August 1926, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.