SOUTH AFRICAN FARMERS
PROPOSED RELIEF MEASURES
Pre*3 Association —By Telegraph Copyright*
CAPE TOWN, February 16. 1 Received February 17, at 12.10 p.m.V! Speaking on the Farmers’ Relief Bill, the Minister of Finance admitted tho probability of a stampede of credit; He said that if creditors pressed extensively the scheme could not operate. _ The Opposition urged that a moratorium cxistod to-day, consequently loans should bo limited to requirements for cultivation. The Minister contended that tho adoption of such an idea would permanently drain all credit sources and shake finance, thereby stopping future ‘credit He warned the public that the scheme would involve eventual loss.Fanners were adjusting their methods, but the Minister was afraid that ic something did not happen soon, leading to a rise in prices, the world was in for a terrible crisis.
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Bibliographic details
Evening Star, Issue 20720, 17 February 1931, Page 9
Word Count
133SOUTH AFRICAN FARMERS Evening Star, Issue 20720, 17 February 1931, Page 9
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