RURAL CREDIT.
Terms for Loans Are Altered. Per Press Association. WELLINGTON, April 16. The Rural Intermediate Credit Board, at its monthly meeting, decided to fix the percentage of value up to which it would lend on stock at 60 per cent for both dairy stock and sheep instead of 70 per cent for sheep and 50 per cent for dairy stock as at present. The percentage fixed will not be rigid, but in suitable cases may be extended. The board also decided that in view of the present period of low prices, inquirers for new loans should be informed that in suitable cases, the annual repayment for each of the first two years may be reduced to onetenth instead of one-fifth of the amount of loan as at present required.
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https://paperspast.natlib.govt.nz/newspapers/TS19340417.2.87
Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20282, 17 April 1934, Page 6
Word Count
130RURAL CREDIT. Star (Christchurch), Volume LXVI, Issue 20282, 17 April 1934, Page 6
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