This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...had lent $3,565,000. The interest rate is 4 per cent. The state bank forced the bankers to demand lower interest from the farmers by competing with them. The state bank of South Australia lends money to the farmer not only on his farm but also on his shipments, if they have been approved for export. The Victoria law ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...had lent $3,565,000. The interest rate is 4 per cent. The state bank forced the bankers to demand lower interest from the farmers by competing with them. The state bank of South Australia lends money to the farmer not only on his farm but also on his shipments, if they have been approved for export. The Victoria law dates from 1896, that of New South Wales from 1889. In the state of Victoria 4,000 families have been enabled to secure farms through state provision for aid to settlers and 6,000 workmen have been provided with homes in the city. Queensland lends money to farmers for the building of co-operative sugar-mills. This has been done to insure the working of the industry by white labor only and is part of the "White Australia" movement. Any group of farmers who desire to begin the cultivation of sugar and have no mill in the neighborhood where they can market their cane can petition to the government. An official is sent to investigate as to the suitability of the land for sugar-raising and the character of the farmers. The planters then incorporate and make application for the amount needed. The money is lent on the security of the mill and land. The construction superintendent is a state official, and "progress payments" are made on the loan as the building proceeds. By 1899 eleven of these mills had been built and were paying a profit averaging 9 per cent.1 Throughout the continent the laissez-faire theorists have been pretty well won over to state socialism. Doctor Cockburn, minister of agriculture in South Australia, once said: "If you bring hope into the fife of the farmer, and make him sure of his reward and that his profits will not be taken away from him, you make him more efficient. Instead of sapping private e...
Read Less
Add this copy of The High Cost of Living to cart. $66.74, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2019 by Wentworth Press.
