Rural Planning And Development, a Study of Rural Conditions And Problems in Canada

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Bills are now before some of the provincial legislatures for the purpose of legalizing the formation of rural credit societies and the co-operation of the provincial and municipal governments in giving financial assistance to such societies.
The British Columbia Act, passed in March, 1915, providing for the incorporation and regulation of agricultural associations and making provision for agricultural credits, is an example of what is being done in this direction. This Act authorized the borrow
...ing of $15,000,000, to be administered by a commission — the debentures to be guaranteed by the government.
The specific purposes for which loans may be made include the acquiring of land for agricultural purposes; clearing, draining, dyking, water-storage and irrigation works; the erection of farm buildings; the purchase of live and dead stock, machinery and fertilizers; dis- charging liabilities incurred for improvements; and any puroose which, in the opinion of the commission, will increase the productiveness of the land.


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