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Newspaper
Pas Herald
Location
The Pas, Manitoba, Canada
Date
Mar 19, 1969
Page
6
The Manitoba Agriculture and Development Corporation succeeds the Manitoba Agricultural Credit Corporation. It cannot lend directly but guarantees loans to qualified Manitoba farmers over 21 who lack credit. Up to 50000 per farmer, repaid in 10 years, with plans showing projected income and expenses for operating costs livestock equipment buildings and debt consolidation.
Farmers may select their own bank or approved institution and shop for best rate. The loan guarantee comes from the new corporation, while interest is set by the lending institution as simple interest on outstanding amounts. Those unable to obtain adequate credit without a guarantee may apply through Kent Webster at the Manitoba Agriculture Credit and Development Corporation in Dauphin.
The Pas Chamber outlines efforts to boost tourism with a hospitality seminar on May 12 and a Manitoba Tourist Department collaboration. It seeks new terminal facilities at The Pas Airport with capital funds for a Terminal Operations Building in 1970/71, subject to conditions. The chamber rents a booth at the Winnipeg Mid-Canada Sport Show and reports 30 February inquiries handled by Mrs G A Haitt.
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