REDUCING COSTS

Wanganui Chronicle, Volume LXXXIII, Issue 20184, 28 June 1928, Page 9

REDUCING COSTS

FARMERS AND THE MEAT BOARD [ Per Press Association. 5 WELLINGTON, JuLc 27. A letter from the Meat Board to the Executive of the New Zealand Farmers' Union, in reply to a requisition that a commission be appointed to go into the question of reducing costs and generally overhauling the industry was received to-day. It-indicated that the Board was constantly engaged in most comprehensive investigations in connection with the industry, including research. The meeting decided to obtain information as to bank rates in Australia and Canada. During the discussion a delegate predicted that the bank rate here would come down with a bang just before the election. THE BANK RATE AGAIN. [Per Press Association ] WELLINGTON, June 27. The committee of the Farmers' Union has received a reply from, the associated banks, stating that the rate of interest on overdrafts is having close attention, and will be dealt with as soon as the factors governing the position will permit. The president (Mr W. J. Polson) said to-day that he noticed a statement by the Leader of the Opposition to the effect that the hank rate was lower everywhere else than in New Zealand. It w-ould bo interesting to havje? some information as to the ruling rates in Australia. Captain Colbeck: They can’t afford to keep up tho present high rate. The meeting decided to obtain information as to the rates in Australia and Canada.