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Duffus, William M. / Report on agricultural settlement and farm ownership. Part I: state loans to farmers
(1912)

Chapter III. State loans to farmers in Canada,   pp. 67-79 PDF (3.3 MB)


Page 67


STATE LOANS TO FARMERS.
                        CHAPTER III.
        STATE LOANS TO FARMERS IN CANADA.                               
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  Two Canadian provinces enacted legislation in the spring of
1912 authorizing their governments to extend financial assist-
ance to farmers desiring to purchase and improve farm lands.
This is the first legislation of the kind in Canada, so far as the
writer is aware, but it seems probable that similar legislation now
being urged will sooner or later be placed on the statute books         
       I
of other provinces.
  The two provinces to which references are made are Nova Scotia
and New Brunswick.
         STATE LOANS TO FARMERS IN NOVA ScOTIA.
  The legislature of Nova Scotia on May 3, 1912, passed a law
entitled "An Act for the Encouragement of Settlement on Farm
Lands". This law authorizes the province to extend its credit
to farmers through the agency of companies or societies which
lend money on real estate.  The purpose of the act as indicated
in the preamble" is to promote the settlement of unoccupied
'The act in full reads as follows:                                      
     I
                         CHAPTER. 10.
 AN ACT FOR THE ENCOURAGEMENT OF SETTLEMENT ON FARM LANDs.
             (Passed the 3rd day of May, A. D. 1912)
Section.                        Section.
      Preamble.                  B... Governor in council may purchase and
 1. Interpreation                    resell lands
 2. Guarantee of loan            7. Regulations
 3. Advanced by governor in council  8. Power to borrow
 4. Repayments, bow applied     9. Report to legislature. Schedule
 5. Inspectors
 WHEREAS, it is desirable that agricultural settlement should be
 further promoted in this province, and that facilities should be af-
 forded whereby settlers will be encouraged to purchase or acquire for
 themselves farm holdings:
 And whereas, there are in the province farms unoccupied and un-
tilled, arable tracw not yet brought under cultivation, and other lands
available for settlement and suitable therefor;
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