FINANCING FARMERS.

New Zealand Herald, Volume LXIII, Issue 19470, 28 October 1926, Page 10

FINANCING FARMERS.

RURAL CREDITS REPORT. MORE LEGISLATION SOUGHT. [by telegraph.—own correspondent.] "WELLINGTON, Wednesday. The provisions of the Rural Credits Act passed last session are' not wholly satisfactory to the farming community, and after some discussion at to-day's meeting of the executive of the New Zealand Farmers' Union, it was decided to continue to press for full effect to be given to the recommendations of the Agricultural Banking Commission. The president, Mr. VV. J. Poison, a member of the commission, said he did not wish to appear to be criticising anything that the Government had done already. The Government did not have time last session to put , into egect the whole of the recommendations of the commission. It could not have been expected in the circumstances, without the fullest discussion and deliberation both in Cabinet and with its offioefs, to carry out the full scheme recommended. The Government had simply taken the central idea of the report and had handed it over to the Advances to Settlers Department to have it tested. There could be no objection to that, except the theoretical one that the department was already so fully occupied with its own side of the business - that naturally it must be to some extent opposed to taking on the extra work. He did riot want to charge the department with being unsympathetic, but he was inclined to think it would not be very sympathetic to the new work. "I am satisfied," said Mr. Poison, "that if t)je thing was handed over to an elected board on the lines the commission suggested it would be quite satisfactory. I hope the Government next session, if it brings down further legislation, will agree to the creation of a board. Such boards have been successful wherever they have been tried, and there have been no failures of long-term credit along the lines the commission recommended." It was decided to press for legislation embodying the provisions of the report of the commission, and to set up provincial committees to carry on the. movement.