3 MARCH 1923, Page 2

For some reason the publication , of the Report of the

Committee on Agricultural' Credits, which has now received Cabinet approval, has excited very- little atten- tion. The State- is in the position of having " down " the tenant-farmer who bought his land before the repeal' of the Corn Production Act. The Committee was. really- appointed by the late Government to- see what could be done about it. It now proposes that a scheme of State- assisted long-term credits should be established- which will enable the smaller' farmer to pay off the sum with which he purchased his land, not at the ruinous rate of its present mortgage, but gradually over a period of forty-five years. It is ;indeed a sort of funding operation for- the farmer.