OVERDRAFT LIMITS
Farmers Ought to Reduce RURAL CREDITS COMMENT (By Telegraph-Press Association.) MASTERTON, Feb. 1. Favourable comment was passed at a meeting of directors of the Wairarapa Rural Intermediate Credit Association on the phenomenal change for the better in the position, of borrowers who relied on sheepfarming. The directors felt that .sheepfarmers could now be expected to conform to the policy of the board and make an annual reduction in overdraft limits The district supervisor stated that the board was willing to take over accounts of farmers who could show a satisfactory margin of security on their stock and implements. Collateral security in the nature of mortgages, or land, or a guarantee would be accepted in suitable cases
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 43, 1 February 1934, Page 5
Word Count
118OVERDRAFT LIMITS Hawke's Bay Tribune, Volume XXIV, Issue 43, 1 February 1934, Page 5
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