INTERMEDIATE CREDITS

Taranaki Daily News, 13 October 1931, Page 3

INTERMEDIATE CREDITS

EXPANSION OF ADVANCES. REPORT FROM COMMISSIONER. By Telegraph—Press Association. ' Wellington, Last Night. To the Rural Intermediate Credit Board to-day the Commissioner reported that the Farmers’ Union was furthering the formation of an association in the Waikouaiti-Palmerston ’ district of the South Island in co-operation with the district intermediate credit supervisor at Dunedin, who addressed a meetinn- arranged by the Palmerston branch of°the union. It was expected an association would be formed in the near fifturcv' ■

The Farmers’ Union also assisted in arousing interest in the Nelson district, and it was believed an association would be formed there shortly to operate in the Pokororo, Ngatimoti and Dovedale districts.

Further co-operative rural intermediate credit associations had held, their annual meetings, and almost without exception a very satisfactory position was recorded, a substantial volume of business was transacted and increases had been disclosed over the business transacted during the previous year. The amounts advanced by a number of associations were now attaining substantial proportions and the directors anticipated that continued increases would be shown. The board had under consideration the question of co-operating with the Unemployment Board in order to assist farmers who might desire to utilise unemployment scheme No. 4a for increasing production from the farms. . The board expressed yrillingness to assist in the matter as far as it was able. ‘ /The board gave consideration to certain suggestions which were made with the object of assisting co-operative rural intermediate credit associations in the administration of their business, and decisions which should be acceptable to the associations were arrived at.