RURAL CREDITS BOARD
STEADY PROGRESS OF SCHEME Press Association WELLINGTON, Saturday. A statement presented to the Rural Intermediate Credit Board by the commissioner shows that the scheme is making steady progress, and that the transactions of the board up to September 30 under all headings amounted to a total of £120,000. The registration of associations at Tapanui and Levin was approved. There are now 17 associations formed, most of which are actively engaged in lending operations with funds provided by the board under the Act. The board agreed to accept the endorsement of additional dairy companies under the discounting provisions of the Act. It is evident that a, simple, inexpensive method of obtaining loans up to £ 100 by means of promissory notes given by the borrowers and endorsed by dairy companies, will be largely availed of. Discounting Arrangements have now been concluded by the board with 11 companies.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19281015.2.175
Bibliographic details
Sun (Auckland), Volume II, Issue 485, 15 October 1928, Page 16
Word Count
148RURAL CREDITS BOARD Sun (Auckland), Volume II, Issue 485, 15 October 1928, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.