Άρθρο του "The Economist" με τίτλο: Agricultural Credits.

P.D. Agricultural Credits. The Agricultural Mortgage Corporation, which was formed under the provisions of Part I. of the Agricultural Credits Acts, 1928, and will commence business on Monday next, has now made public the terms on which long-period credits will be granted to farmers and land- owners. Loans on mortgages of agricultural land, not exceeding two-thirds of the land's value, will be granted for periods up to 60 years, and will be repayable by equal half-yearly instalments covering interest and repayment of principal.. For a 60-year loan the rate of half-yearly repayment will be £ 2 15s per £ 100 for the full period of the loan. Loans for improvement of land will be granted to landowners, subject to the Minister of Agriculture's approval, for periods up to 40 years, £ 100 being repayable by 80 half-yearly instalments of £ 3 each to include principal, interest, and all charges other than those made by the Ministry of Agriculture The shareholders in the Corporation, whose chairman is Sir H. Goschen, are the Bank of England, and all the leading joint-stock banks, with the exception of the Midland. Applications for loans must be made through one of the shareholding banks, a procedure which will have the advantage that applicants will in most instances be deal- ing with local bank managers familiar with their individual circum- stances and needs. The measure of success which has attended the working of land mortgage banks on the Continent justifies the esta- blishment of the Corporation as an interesting experiment, whose effects, at worst, cannot be harmful. It is doubtful, however, whether the mere provision of long-term credits on the basis announced can be regarded as likely to assist British agriculture appreciably to