HELP FOR FARMERS

Taranaki Daily News, 8 November 1935, Page 4

HELP FOR FARMERS

EXTENSION OF SUBSIDIES ERECTION OF BUILDINGS PURCHASE OF MACHINERY INCREASING EMPLOYMENT By Telegraph—Press Association. Paparoa, Last Night. Details of a scheme approved by the Unemployment Board to assist farmers to purchase farm implements and machinery and to erect farm buildings were announced to-day by the Minister of Finance, the Rt. Hon. J. G. Coates. The new scheme is an extension of the existing B2 scheme, which provides for subsidies for improvements to dairy farmers. The extension covers the granting of subsidies for the erection of woolsheds, implement sheds and other approved farm buildings and the payment of subsidies for farm and orchard machinery and implements of New Zealand manufacture. Th’ subsidy will apply to work commenced on or before April 30, 1936. “Hie manufacture of agricultural implements is still languishing and after careful examination of the existing subsidy schemes the board has come to the conclusion that a large volume of employment will be stimulated both by this subsidy and by the extension of grants for farm buildings,” Mr. Coates said. The amount of the subsidy on farm buildings would be 8 per cent, of the contract price or, if the work were carried out by the fanner, 10 per cent, of the nett invoice cost of materials. The subsidy on implements would be £2 for the first £lO nett invoice cost, exclusive of transport and installation charges, subsequently Is 4d in the £1 up to £lOO, 8 per cent, up to £2OO and 5 per cent, of any amount in excess of £2OO. The necessary recommendation would have to be made by the Minister of Agriculture, as under the existing B2 scheme, before any subsidy could be granted. A full schedule of machinery to which the subsidy would apply was being prepared and would be available shortly. “I should like to draw attention to the fact that subsidy schemes now apply to new dwellings and buildings to which no private gain is attached,” said Mr. Coates, “such as churches, libraries, halls, extensions to and painting of such buildings, and equipment of dairy factories and dairy farms, as well as the extension of such structures.”