RURAL CREDIT BOARD
LOAN PERCENTAGE FIXED. [PEB PEESS ASSOCIATION.) WELLINGTON, April 16. The Rural Intermediate Credit Board, at its monthly meeting, decided to fix the percentage of value up to which it would lend on stock at 60 per cent for both dairy stock and sheep, instead of 70 per cent for sheep and 50 per cent for dairy stock as previously. The percentage fixed will not be rigid, but in suitable cases will be extended. The Board also decided, in view of the present period of low prices, that ; inquirers for new loans should be informed that in suitable cases, the annual repayment for each of the first two years may be reduced to onetenth instead of one-fifth of the amount of the loan, as is at present required.
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Greymouth Evening Star, 17 April 1934, Page 9
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130RURAL CREDIT BOARD Greymouth Evening Star, 17 April 1934, Page 9
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