WARM GREETING

Gisborne Times, Volume LXVIII, Issue 10737, 7 November 1928, Page 5

WARM GREETING

SIR JOSEPH WARD RETURNS HOAEE. MET BY THREE BANDS—AND A CHALLENGE. WHAT HIS OPPONENT WANTS ' TO KNOW. (Press Association-1 INVERCARGILL, Nov. 6. Sir Joseph Ward’s return to Invercargill this evening was tlie occasion for a remarkable demonstration, at the, railway station, where he' 'was greeted by three bands and a cheering crowd of wildly enthusiastic citizens. The Leader of the United Pi-Tty received a tremendous ovation as he stopped from the carriage, and it was with difficulty that he was escorted to a waiting motor-car, from which he spoke for about fifteen minutes. Sir Joseph said that, on Thursday night, he would remove the existing delusion about his loan which, he considered, was required to get the country into a stable condition. Those who objected to it were not friends of the people. From what he knew of New Zealand, the United Party was--going to be victorious. Sir Joseph Ward drove away to the accompaniment of further cheers. THE MILLIONS POLICY. WILL SIR JOSEPH DENY THERE WOULD BE BIG LOSS? WOULD SINKING FUND BE LEGITIMATE? Air. S. Morell AlacAlister, Reform candidate for Invercargill, has issued tiie following challenge to Sir Joseph Ward:— / (1) To show that there will not kb a large annual loss on the money to be "borrowed for the State Advances Office, namely £60,000,000 borrowed on the terms he proposes and lent out at per cent. (2) To show how he can make up • even the loss admitted by him out of sinking fund payments and interest thereon and yet have adequatesinking funds for the loan. (3) To say whether sinking funds on loans for the State Advances Office should not be adequate to repay these loans on maturity, if such loans are borrowed for the same term as the money* is lent out at seeing that a borrower from that office pays spiking fnnu payment to the Government. (4) To show that liis extraordinary suggestion that the sinking fund arid interest should be taken into account in making up tho loss in the annual charges would not, if divulged to London investors, seriously damage tho credit of tlie Dominion. (5) To say whether if what he terms the sinking fund is to be available to make up losses in the annual charges such fund can, in any. sense, bo properly called a sinking fund. SIR JOSEPH WARD AGAIN T.N CAMPAIGN. UNITED LEADER EXPLAINS PULICY. THAT £70.000,000 LOAN. REITERATES THAT SCIIEAIE WILL COST TAXPAYER NOTHING. (Press Association.) CHRISTCHURCH. Nov. 0. Looking remarkably fresh and vigorous, Sir Joseph Ward spoke to an appreciative audience on the Christ i-hurcli railway station this morning for nearly throequnrters of an hour. He delivered a strong extemporaneous speech, winch Was frequently interrupted with cheers, applause, and cries of “You’ll bp Prime Minister. When the boat train arrived, Sir Joseph was met by. tlie Christchurch executive of the United Party. United candidates lor t'lirliamom and a number of supporters, totalling about 50.' As soon ns lie commenced to speak the crowd assembled, over 200 being present. In bis address Sir Joseph scathingly criticised the policy cf the Reform Government in respect to land settlement and put forward his own plan on the subject. Loud‘cheering marked the end ol the speech, followed bv the singing of “i’or He’s a Jolly Good Fellow,” and a request that he deliver ati address in Christchurch before tlie election. “I’ll be back again,” he said. “I won’t ‘say good-bye, just an re* voir.”

-Keferring to his proposed loan of £70,030,009, Sir Joseph said his opponents had raised the cry that the tnonev could not he, obtained. He had obtained it 30 years ago, and the Dominion had been obtaining it eve) s*nce. Now they had the consummate' audacity to say that the money-lenders did not like lending money to be re-lent in the Dominion. “Human beings make the country. ’ ! added Sir Joseph. “What is the use of standing by knowing that next winter wc will,-have 30,030 or .40,000 unemployed? Are we going io tolerate a system which denies work to these men who want work, not charity. They want work at a current rate of pay. Hi the policy I liaie laid down, and which has been sun- : ported by my party, these men will : have homes and they will have work. They will be on the land.” in describing the details of his land settlement scheme, Sir Josenli (said that lie would set aside blocks -of 25 acres' not far away from the j railways. He would make it poss:* - ble for settlers to obtain needed money at a low rate of interest. j “Back to the land” should bo tW Ary,” declared the speaker, anml ar‘plausc-. They should be settled on ■ smaller areas than ever before. Ihc> j would be able to support themselves .and their families and have their ■ own homes. The other people would ] not require assistance, and thev ■ should not complain because his ! scheme would not cost them auv'thing. Unemployment would be [stopped anil the productivity bf the [country increased, if another or. ■ people went on the land the increase in productivity in the aggregate would be great.