RURAL CREDITS ASSN
CONFERENCE AT WHANGAREI. By Telegraph—Press Association WHANGAREI, June 8. The fourth and final conference of the Rural Intermediate Credit Associations was held to-day. Mr J. N. Massey, who presided, said the Board had advanced to farmers, either direct or through the medium of Associations, a million sterling, with undoubted benefit to the farmers concerned. The Board felt that it was unwise to extend five years as the maximum term of loans, but in the meantime it had arranged that any balance due on a loan at the end of a term shall not be arbitrarily called up, but allowed to run on as overdue, with suitable periodical reduction, if the security adequated, and the conduct of the borrower had been satisfactory. Mr Coates, in a telegram of welcome, congratulated the Board on its good work
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 5
Word Count
138RURAL CREDITS ASSN Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 5
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