LONG TERM CREDIT

Hawke's Bay Tribune, Volume XXIV, Issue 77, 13 March 1934, Page 7

LONG TERM CREDIT

Rotary Club Suggestion (By Telegraph-Press Association.) WELLINGTON, March 12. At a meeting of the Rural Intermediate Credit Board the commissioner brought before the board a newspaper report of recommendations made to the recent conference of Rotary Clubs al New Plymouth by a special committee. The committee had recommended that provision be made to enable the board to issue long-term credit bonds upon corporate security and to assist the Government in land development and the placing of unemployed men on tho land. As the board was established to provide intermediate credit, which is credit lor a period not exceeding five years, it was clear that the committee’s suggestion for the issue of long-term credit by the board could not be adopted. The commissioner reported that it was apparent that, notwithstanding the publicity already undertaken by the board, there was scope for further do velopment. He said that the views oi district organisations, consisting of dis trict boards and rural intermediate credit associations, were being obtained through the board’s representatives, and it wag hoped to have prepared for submission to the next meeting a definite programme of publiuty.