INTEREST RATES.
OPINION IN W AIR ARAB A
FIXED LEVELS NOT FAVOURED.
Per Press Association. MASTERTON, Nov. 19
Devoting several hours to-day to a discussion of the report of the Dairy Industry Commission, the Wairarapa provincial executive of the Farmers Union spent the greater part of that time in an exchange of ideas on the subject of interest rates. The opinions expressed were somewhat varied, but there was fairly general agreement that interest rates were likly to fall to a low level and must do so in order that the industry’s burden of costs might be supportable. • "" , * A number of members contended thatthe first-class mortgage rate of 3} per cent, suggested by the Daily Commission was too high. The opinion was / freely expressed that better terms would be obtainable by allowing the interest rate to find its level than by attempting to fix the rates. It was agreed ultimately to urge on tho Government the need of a further reduction in interest rates in keeping with the current prices of produce. A resolution was also passed approving the joining of dairy suppliers to prevent overlapping in the collection pf cream.
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Bibliographic details
Manawatu Standard, Volume LIV, Issue 303, 20 November 1934, Page 7
Word Count
190INTEREST RATES. Manawatu Standard, Volume LIV, Issue 303, 20 November 1934, Page 7
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