REDUCTION OF INTEREST.
CONVERSION LOAN FAVOURED. DAIRY FARMERS’ ATTITUDE. “I do not think wo need any discussion about this matter,” stated the chairman (Mr N. Campbell) at the meeting of the executive of the Dairy Farmers’ Union, this afternoon, in moving that they support the Manawatu County Council in urging upon the Government the desirability of taking steps to introduce compulsory conversion of local bodies’ loans and bring about a considerable reduction in the rates of interest. Mr W. B. Faulding seconded the motion, which was carried unanimously. Another resolution carried unanimously by the union was as follows: ‘‘That in view of the present economic position in New Zealand, and the urgent necessity for a reduction in all costs, of which interest is the main factor, this union is of the opinion that the action of the Government in offering 5 per cent, on Government loans is not in the best interests of the country as a whole. This resolution was on identical lines with that passed by the Manawatu County Council.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MS19321215.2.95
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Standard, Volume LIII, Issue 15, 15 December 1932, Page 8
Word count
Tapeke kupu
172REDUCTION OF INTEREST. Manawatu Standard, Volume LIII, Issue 15, 15 December 1932, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in