HAVE REACHED LIMITS OF CREDIT.
STOREKEEPERS TELL OF FARMERS’ DEBTS. (United Press Assn.—By Electric Telegraph.—Copyright.) (Received November 19, 10.25 a.m.) SYDNEY, November 19. A deputation representing 300 country storekeepers informed the Minister of Agriculture, Mr W. F. Dunn, that debts against farmers on the books of country storekeepers amounted to £6,000,000. The amount was arrived at by calculating the exact total owed to eighty-nine storekeepers and striking an average for the remainder. One speaker said that the storekeepers carried farmers’ debts until they themselves were in a parlous position and were unable to continue giving the farmers credit. Another said that rust and low prices had created a crisis of appalling magnitude. He was appalled by the position for the storekeepers could not expect to receive even half the amount due to them. A third man said that if assistance were not given the farmers would soon be off the land and the st irekeeper with him.
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Star (Christchurch), Issue 19231, 19 November 1930, Page 1
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157HAVE REACHED LIMITS OF CREDIT. Star (Christchurch), Issue 19231, 19 November 1930, Page 1
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