STIMULATING WORK

New Zealand Herald, Volume LXXII, Issue 22261, 8 November 1935, Page 12

STIMULATING WORK

SUBSIDY SCHEMES ASSISTANCE FOR FARMERS BUILDINGS AND IMPLEMENTS ("BY TELEGRAPH —SPECIAL REPORTER] PAPAROA, Thursday Details of the scheme approved by the Unemployment Board to assist farmers in the purchase of farm implements and machinery and in the erection of farm buildings were given today by the Minister of Finance, Mr. Coates. The scheme is in effect an extension of tho existing B2 scheme, which provides subsidies for improvements on dairy farms. " > The extension covers the granting of subsidies for the erection of woolsheds, implement sheds and other approved farm buildings and the payment of subsidies on farm and orchard machinery and implements of New Zealand manufacture. The subsidy will apply to work commenced on or before April .'3O, 1936. "The manufacture of agricultural implements is still languishing and after careful examination of existing subsidy schemes tho board lias come to the conclusion that a largo volume of employment will bo stimulated both by this subsidy and by the extension of grants for farm buildings," Mr. Coates said. The amqunt of the subsidy on farm buildings would be 8 per cent of the contract price, or, if the work was carried out by the farmer, 10 per cent of the net invoieo cost? of materials. The subsidy on improvements would bo £2 for the first £lO of net invoice cost, exclusive of transport and installation charges; subsequently Is 4d in the pound up to £100; thereafter 8 per cent up to £200; and 5 per cent for any amount in excess of £2OO. The necessary recommendation would have to be made by the Minister of Agriculture as under the existing B2 scheme before any subsidy could be granted. A full schedule of the machinery to which the subsidy would apply was being prepared, and would be available shortly. "I should like to draw attention to tho fact that subsidy schemes now apply to new dwellings and buildings to which no private gain is attached," said Mr. Coates. Churches, libraries, halls,- extensions to and painting of such buildings and equipment for buddings, dairy factories and dairy farms, as well as extensions to such structures are also eligible. I would urge that full advantage be taken of these and other subsidy proposals and would emphasise their importance as a means of encouraging desirable activity over a wide field and increasing employment by providing work for a large number of men."