RURAL CREDITS

Southland Times, Issue 21577, 15 December 1931, Page 7

RURAL CREDITS

NEW ASSOCIATIONS. SATISFACTORY PROGRESS MADE. (Per United Prws Association.) Wellington, December 14. It was reported at the monthly meeting of the Rural Intermediate Credit Board that a number of further annual meetings of Co-operative Rural Intermediate Credit Associations had been held and almost without exception satisfactory progress was recorded. The commissioner reported that the movement to form a Co-operative Rural Intermediate Credit Association at. Mercury Bay had proved successful and the required number of signatures had been obtained. Since the last meeting of the board visits had been paid to the Southland, Otago, South Canterbury and Canterbury rural intermediate credit districts by the deputy commissioner who met a number of the directors of the Co-operaitvc Rural Intermediate Credit Associations and members of district boards. Mr John Brown, a member of the control board, with the deputy commisisoner, took part in a discussion with the executive of the South Canterbury Farmers’ Union at Timaru. The object of the visits and discussions had been to discover any causes of difficulty in the working of the system and to give the representatives of local organizations an opportunity of discussing any points of difficulty with members and officers of the central board with a view to making the operation of the- scheme as effective as possible.