SOUTH AFRICAN FARMERS
DEBATE ON RELIEF PROPOSALS
MINISTER FEARS WORLD CRISIS.
By Telegraph—Press Assn.—Copyright.
Capetown, Feb. 16. iSpeakilig on the FArniers’ Relief Bill, the Minister of Finance, the Hon. N- C. Hiveriga, admitted the probability of a credit arid Said that if the creditors prfiAsed extensively the scheme could not operate. The Opposition- urged that a moratorium existed to-Jay, and consequently loins elibiild be limited to the requirements for cultivation. Tlie Minister contended that the adoption of such an idefi would permanently drain all the Oredit sorirees and shake finance, thereby stopping future credit. He worried the public that such a Scliehie woijld involve eventual losp to farmets. They were adjusting their methods, but the Minister was afraid that if something did not happen soon, ieadirig to a rise in prices, tliij world was iri for a tfitrible crisis.
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Bibliographic details
Taranaki Daily News, 18 February 1931, Page 7
Word Count
139SOUTH AFRICAN FARMERS Taranaki Daily News, 18 February 1931, Page 7
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