CABINET UNDECIDED

Grey River Argus, 1 April 1932, Page 5

CABINET UNDECIDED

RENT AND INTEREST Difficulties of Reduction (Per Press Association). WELLINGTON, March 31. The Prime Minister, Mr Forbes, de nied this morning that finality has been reached by the Cabinet on the question of an arbitrary reduction in interest rates and in rents. He said that it was a very complicated mat ter, and it required an exhaustive consideration of all of the different aspects before any action was taken.

“However.” he said, “by the time that Cabinet has completed its consideration of the question of economies generally, I think that we will have something to present that will create some little stir.”

It is understood that the method of equitably readjusting interest and rent charges is exercising the minds of the Ministry more than is the actual principle of an arbitrary reduction, and that an endeavour is now being made to draft tentative legislative machinery to give effect to the idea, subject to approval by Cabinet.

Mr Forbes declines to discuss the work which Cabinet is doing on the ground that a general idea of the pro posals to bp carried out will be presented in the Financial Statement, to be presented in the House of Representatives shortly. ANOTHER UNDECIDED MATTER. WELLINGTON, March 31. Replying to questions yesterday at Wellington, the Prime Minister stated that finality had not been reached on the question of the extension of the life of this Parliament from three years to four years.