STATE ADVANCES.
Sir,- —May I crave space in your columns in reference to remarks made in a leader of July 17, on the above subject. Your summing up of the position seems reasonable, that is, that seeing the advances department has to borrow money before it can lend it cannot make many concessions. Still here is another hard fact or two that has to be faced. Firstly.l think it will be admitted that there are hundreds of farmers, who, owing to present conditions, are unable to meet their instalments. Secondly -there is no sign of an improvement in these conditions in the near future. In face of these facts, what will be done about it ? To my mind there does not scom to be much sense or much profit to anybody in pushiftg a man off a farm provided ho is a good furmer, and putting another man in who can do no better. To make this point quito clear, let us suppose Jones borrows £IOOO from the department on farm security. The slump comes and he cannot pay. He is pushed off and Smith takes his place and is asked to pay what Jones previously paid. Can ho do it? I say no. ( Farmer.
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https://paperspast.natlib.govt.nz/newspapers/NZH19310721.2.151.10
Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20930, 21 July 1931, Page 13
Word Count
205STATE ADVANCES. New Zealand Herald, Volume LXVIII, Issue 20930, 21 July 1931, Page 13
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