DAIRYING LOANS
EXECUTIVE COMMISSION’S PLAN. WRONG IMPRESSION ABROAD. By Telegraph—Press Association. Wellington, Last Night. Although a statement recently issued by the Executive Commission of Agriculture stated that loans granted to dairy farmers for the modernising of equipment on their farms would be at the rate of 4 per cent, there exists in-some quarters an erroneous impression that the farmer will have to pay in addition the half per cent, which it is intended to allow dairy factory companies to cover charges incurred in assisting in the administration of the scheme.
.This half per cent, will be paid to companies by the Treasury in cases where the factory borrows money from the Government to advance to its suppliers or guarantees the sums borrowed by individual suppliers. It is the desire of both the Government and the Commission that dairy farmers requiring advances should be able to obtain them at the lowest possible rate and without the cost of the loan being increased by administrative charges.
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Bibliographic details
Taranaki Daily News, 13 July 1935, Page 7
Word Count
164DAIRYING LOANS Taranaki Daily News, 13 July 1935, Page 7
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