RURAL CREDITS SCHEME
STEADY PROGRESS MAPE. (Per Press Association.) / WELLINGTON, October 13. A statement presented to the. Rural Intermediate Credit Board tby the Commissioner shows that the scheme is making steady progress, and that the transactions of the Board" Up to September 30 under all headings amounted to a total of £12u,000. The registration of associations at Tapanui and Levin was approved. There are now seventeen associations formed, most of which are actually engaged in lending operations with funds provided by the Board under the Act. The Board has agreed to accept the endorsement of aditional dairy companies under the discounting provisions of the Act. It is evident that the simple and inexpensive method of obtaining loans up to £lOO by means of promissory notes given by the borrowers and endorsed by dairy companies will be largely availed of. Discounting arrangements have now been concluded with the Board by eleven - companies.
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Greymouth Evening Star, 13 October 1928, Page 6
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151RURAL CREDITS SCHEME Greymouth Evening Star, 13 October 1928, Page 6
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