An exchange says that the system of bonuses for assisting the development of agriculture adopted by some of the Australian colonies is hold by many of the hardworking farmers to be of no advantage to them. They have come forward with a suggestion tint the Government organise a farmers' bank with a capital of £0.000,000, to be loaned on farmers' improved real estate at four or five per cent, interest per annum, for fifteen or twenty years. As it is now, many farmers in Victoria and elsewhere pay from eight to twenty per cent., and to advance them money at the rate quoted would enable them to pay their mortgages and have something to work on. The same scheme has been frequently agitated in the United States, but lias made little headway, owing to the independence of the people and their desire to have the general government do as little of the country's business as possible.
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New Zealand Herald, Volume XXVI, Issue 9424, 23 July 1889, Page 5
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156Page 5 Advertisements Column 1 New Zealand Herald, Volume XXVI, Issue 9424, 23 July 1889, Page 5
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