LAND FOR SOLDIERS

Evening Post, Volume XCI, Issue 143, 17 June 1916, Page 9

LAND FOR SOLDIERS

PROGBESS OF AMENDING BILL.

After The Post went to press yes-, terday afternoon the House of Kepresentatives- continued its consideration'ira committee of the Discharged Soldiers' Settlement Amendment Bill.

Some discussion took place as to ths purchase of land required for the purpose of the Act. It was urged thai; care should be taken to see that the land was of the best quaHty, easily capable of being cut up, and within1 easy access of the railway. Mr. Payne! moved to amend the clause dealing witiji the subject (No. 7) by striking out the;' proposal that debentures given for land! taken under the Act shall be exempt' from income tax.

Replying to a considerable amount of criticism, the Prime Minister said that the rate of interest, was going up, and' that in England to-day money could noi»! be obtained even in large sums.at less, than 5i per cent. It was quite pps-; sible, however, that the money required i under the Act could be obtained at V less rate than the 5 per cent: specified.-., Whatever interest was paid for the money' would not affect the rent. ..'.'. "' '

In view of the fact that the Budget' was to be brought down at 7.30 p.m., he, at 5.30, p.m., moved to report .progress.

This was agreed to. .... . .. At the evening sitting the Financd. Minister (Sir Joseph Ward) read the*! Financial Statement. .' ....':

The House rosf at "9.20 ■ p.m.