CHANGE FOR BETTER.
Big Improvement in Position of Borrowers. Per Press Association. MASTERTON, February 1. Favourable comment was passed at a meeting of directors of the Wairarapa Rural Intermediate Credit Association on the phenomenal change for the better in the position of borrowers who relied on sheepfarming. The directors felt that the sheepfarmer could now be expected to conform to the policy of the board, and make an annual reduction in his overdraft limits. The District Supervisor stated that the board was willing to take over the accounts of farmers who couid show a satisfactory margin of security on their stock and implements. Collateral security in the nature of mortgages on land, or a guarantee, were accepted in suitable cases.
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https://paperspast.natlib.govt.nz/newspapers/TS19340201.2.71
Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20219, 1 February 1934, Page 5
Word Count
120CHANGE FOR BETTER. Star (Christchurch), Volume LXVI, Issue 20219, 1 February 1934, Page 5
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