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THE SAWMILLING INDUSTRY

T.VI'F AID TO BUIL.DIXG SOI'GHT

[Pke Unitkd Press Association.]

I WFLI.INGTOX. .lanuaiy 9. A <lcp:it;itiou j-<"pr<=s:eiitiiig builders, ai'chiUMs, and owners of timber country Minted on the .Prime Minister to-day. It was that the State .should come to the rescue of men who wanted to build, and lind the necessary money, ;0 as to p rn _ vent .saw-niLlls being "oldiged to cloeodown, which had happened in some cases partially and .some wholly. One of the speaker:; said that the difficulty was that building loans granted by the Government were cither too .small or too long delayed. The result Win; that, many .small builders were. idle. "What we want." he, added, "js cheap money, and plenty of it.'' The linn. Mr Massey, in reply, said ho hardly thought that the public understood what tho Government, were doing in the matter of supplying money. lie. knew that the war had a. serious ell'ect on the timber industry, but the. Government, had done everything possible to meot the difficulty that had arisen. The, Advances to Workers Act was in full operation to-day, and £4CO war being advanced in each case where .sufficient .security was provided. As to advaines to settlers, the Government wen: actually giving preference to Mioso who wanted to borrow for the purpose of building. He did not, know what, more, could be done. As to the. saiegosted iesu-e. of paper money for the purpose, it would only mean \]\e. i.ssue of so many" promissory notes, which would have, the worst possible- efleet on the credit, of the Dominion, and might, cause .serious iinam ia! depression. "When tho money market was suitable the Government would, take care that iiu additional .-apply of money waii brought into tlm countiy for the. purposes

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https://paperspast.natlib.govt.nz/newspapers/ESD19150109.2.68

Bibliographic details

THE SAWMILLING INDUSTRY, Issue 15696, 9 January 1915

Word Count
292

THE SAWMILLING INDUSTRY Issue 15696, 9 January 1915

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