RURAL CREDIT BOARD
FARMERS’ POSITION CONSIDERED. (Per United Press Association.) Wellington, December 17. At a meeting of the Rural Intermediate Credit Board, consideration was given to the present difficult position in which farmers were placed, on account of the general fall in prices obtained for primary products, in the light of affording full protection to debenture holders whose moneys were invested in the board’s business and, at the same time, avoiding the imposition of any general hardship upon borrowers. Although the period of the year during which farmers normally arrange their finance has now' passed, a steady volume of applications still continues to be received and the amount of business reported to the board is greater that than recorded at the corresponding period during the previous years in which the board has been operating.
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Southland Times, Issue 21271, 18 December 1930, Page 7
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134RURAL CREDIT BOARD Southland Times, Issue 21271, 18 December 1930, Page 7
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