PROSPECTS GOOD.

Feilding Star, Volume 5, Issue 1202, 12 September 1927, Page 7

PROSPECTS GOOD.

EOK PIMMAKY LYDUSTIMES

'Jibe opinion that a pessimistic outlook is not justified is expressed by, the Minister ol: Agriculture, the lion. O. J. flaw ken, in his annual report. ‘’New Zealand in common with other countries, is beset with many tliflicult; economic problems pertaining to rural settlement, production, and linance," says the Minister. "Our primary-producers' so largely dependent on world markets, are peculiarly situated in relation to costs of production on (lie one hand and the selling prices of their produce on the other. One problem of prime importance is that of rural credit, and the Oovernment; is making every endeavour In promote a system of longter/n mortgage l , with its attendant waste and worry. The bonds to be issued under last, session’s legislation may lie commended to our small investors. Tliis year it is proposed to extend the legislation by initiating a system of intermediate rural credit, largely with the object of providing the working or liquid capital, which is often so essential to successful farming. Turning to the outlook, the present economic position, in my opinion, does not justify the pessimistic attitude taken up by many people. On (lie contrary, the prospects for our agricultural industries appear to warrant a reasonable confidence. Willi ‘better farming.’ hard work, and economy, New Zealand agriculture may be trusted to win through its existing ditliculties.”