Transcript 2708
FOR PRESS PM. No. 93/ 1972
RURAL CPREDIT
Statement by the Prime Minister, the Rt. Hon. William
McMihon, CH, MP
For some time past, the Government has been
investigating the availability of longer term credit to the rural
sector and has already taken a number of policy initiatives in
this field. In 1960, it established the Commonwealth Development
Bank, a high proportion of whose lending is to farmers on
long term. To supplei'. ent trading bank lending on overdraft,
Term Loan Funds were established in 1962 and Farm Development