“Doubtful of His Former Scheme”
THE FARMERS’ PRESIDENT FINANCE MINISTER ON RURAL ADVANCES Press Association WELLINGTON, To-day. A reply is made by the Hon. W. Downie Stewart, Minister of Finance, to Mr. W. T. Poison’s criticism of the Rural Advances Act. He says the criticism means that, as a member of the Rural Advances Board, Mr. Poison contradicts most of what he said as a member of the Royal Commission on Rural Credits. “It looks as if Mr. Poison is beginning to have doubts as to the scheme which he himself recommended, and which he has been asked to help to administer,” he said. He did not know why Mr. Poison should suggest that the scheme would drift into stagnation, when £500,000 had been advanced. If he and the Farmers’ Union would help to sell the bonds as farmers’ organisations did in other countries, he was hopeful that bonds would sell.
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Sun (Auckland), Volume 1, Issue 38, 7 May 1927, Page 11
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151“Doubtful of His Former Scheme” Sun (Auckland), Volume 1, Issue 38, 7 May 1927, Page 11
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