8.—14.

CONTENTS. PAGE PAGE Introductory .. .. .. X | Loans to Farmers without the Intervention op Associations— Rural Intermediate Credit Act, 1927 .. 4 Method of Application 22 -»-» T rx „ Business with Dairy Companies .. 23 Rural Intermediate Credit Regulations .. 5 j Co . operative Princi Ji es 23 . „ I Business transacted .. .. .. 23 Administration oe System- | Appreoiations 23 Personnel of Board .. .. 6 ! Meetings of Board and Local Committee .. 6 Discounting-— T . I Method of Discounting .. .. 24 Local Administration 7 Monthly D eductions | rom Cream cheques .. 25 „ -p j Companies adopting System .. .. 25 JJISTRICT 130ARDS Business transacted .. .. .. 25 Constitution .. .. .. 7 , Appreciations .. .. .. .. 26 Meetings .. .. .. .. 8 ! Change in Personnel .. .. 8 : Loans to Co-operative Societies .. 26 Extension of Powers .. .. 8 Finance and Accounts — Administrative and Detail Work .. 8 General 27 _ IIT Accounts to 30th June, 1929 .. 27 Publicity Work- lasue of Debentures 28 Visits of Deputy Commissioner to Districts .. 9 Collection of Payments due by Borrowers .. 28 Meetings addressed .. .. .. 10 Accounts of Associations .. .. .. 28 Co-operation with Farmers' Union .. ..10 Increased Business.. .. .. ..28 Issues of Booklets and Circular Letters .. 11 Distribution of Annual Report .. ..11 ! Dairy Companies .. .. .. .. 29 Articles published in Newspapers and Journals 11 Valuations .. .. .. .. .. 30 Policy oe the Board — Nature of System 12 Supervision of Securities 31 Securities over Land .. .. .. 13 T „ Handling of Applications 14 Instructions to Oeeicers 32 Legal Charges ........ 15 on Repayment of Loans 15 Inspection oe Work 32 Suspension of Payments during Winter Months 16 Disbursement of Loans 16 1 Systems in other CountriesProposed System for "Limits" .. ..16 Ireland .. .. .. .. ..33 Interest and Discount Rates .. 17 Scotland .. .. .. .. 34 England .. .. .. .. .. 34 Co - operative Rural Intermediate Credit Other Countries .. .. .. .. 34 Associations— Conclusion .. .. .. .. 34 Nature of Associations .. .. 17 Capital called up .. .. .. 18 Appendix I Preliminary Expenses of Formation .. ..18 r< ■ „ r m Payment of Expenses of Administration .. 19 Comparative Statement of Transactions as at Assistance rendered 20 31st August, 1928, and 31st August, 1929 .. 3/ Suggested Conference of Representatives .. 21 Formation of 21 Appendix ll— Loans granted .. .. .. .. 21 List of Directors and Secretary-Treasurers of List of Directors and Secretary-Treasurers .. 21 Co-operative Rural Intermediate Credit AsRelations with .. .. .. .. 21 sociations .. .. .. 37