TOO MUCH “DILLY-DALLYING”

Taranaki Daily News, 29 July 1929, Page 2

TOO MUCH “DILLY-DALLYING”

OPERATIONS OF RURAL CREDITS.

TARANAKI COMPLAINTS.

Wellington, July 25. That rural intermediate credit associations are not yet of much use . to farmers who require financial assistance was asserted at the anual conference of delegates of the New Zealand Farmers’ Union on Thursday night.

The following motion was put forward bv the combined conference: “That the Government be urged to simplify the details for completion of a loan through rural intermediate credit associations in order to expedite the granting of loans to approved applicants.’’ Mr. J. Cocker (Eltham) said' he had been one of the first members of a rural intermediate credit association in the Dominion, and had been one of the first directors appointed. Their experience, however, had been most disappointing. Though the association had approved of loans, and the local supervisor had approved of the loans, they had found that when the loans had been sent on to the Central Board in Wellington, they had been referred back for further particulars. The result had been that many of the applicants had been compelled to make other arrangements for finance, and the experience in Taranaki had been that it was easier to get loans from the banks that from the rural intermediate credit associations. This was due to the dilly-dallying which occurred in the central office in Wellington, which completely stultified the efforts of the local associations.

Other delegates reported that the associations in their districts were functioning satisfactorily. Mr. C- C. Jackson (Wairarapa) said Mr. Polson had recently interviewed the Minister of Finance, who had given an assurance that applications to the central office would be expedited. Mr. E. H. Murney (Tapanui) said that the Commissioner was at present gathering evidence. This was a new thing, and if they were to leave the matter in the hands of the Dominion executive they would find that their difficulties would all disappear. This course was adopted.