SUBSIDY SCHEME

Otago Daily Times, Issue 22723, 8 November 1935, Page 7

SUBSIDY SCHEME

ASSISTANCE TO . FARMERS DETAILS OUTLINED BY MINISTER (Feb United Press Association) PAPAROA, November 7. Details of the scheme approved by the Unemployment Board to assist farmers to purchase farm implements and machinery and in the erection of farm buildings were announced to-day by the Minister of Finance, Mr J. G. Coates. The new scheme is an extension of the existing B2 scheme which provides for subsidies and improvements for dairy farmers. The extension covers the granting of subsidies for the erection of wool sheds, implement sheds, and other approved farm buildings, and the payment of subsidies for farm and orchard machinery and implements of New Zealand manufacture. The subsidy will apply to work commenced on or before April 30, 1936. The manufacture of agricultural implements was still languishing, Mr Coates said, and after careful examination of the existing subsidy schemes the board had come to the conclusion that a large volume of employment would be stimulated both by this subsidy and the extension of the grants for farm buildings. The amount of the subsidy for farm buildings would be 8 per cent, of the contract price, or if the work were carried out by the farmer 10 per cent, on the net invoice cost of materials. The subsidy on implements would be £2 for the first £lO on the net invoice cost exclusive of transport and installation charges, and subsequently Is 4d in the £ up to £IOO, thereafter 8 per cent, up to £2OO, and 5 per cent, on any amountin 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. The 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 the fact" that the 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 the painting of such buildings, and the equipment of dairy factories and dairy farms as well as an extension of such structures are also eligible.”