Advances to Settlers.
In an article adversely criticising the Government's action for extending the limit of advances under the Advance to Settlers Act from £2,500 to £4.000, the Oiago Daily Times says settlers who require loans to the tune of £4.000 must be doing business in a large, if not a speculative, way, and we do not think that there was any intention of assisting the more ambitious class. The article also takes the Minister for Lands to task for having said that the Government found that owing to the limit of £2,500 a great deal of money was going to private individuals. Our Southern contemporary asks :—And why not, pray ? Did Parliament intend that the State should set up a monopoly of money lending, and that" private individuals " should be driven out of the field ? If so Mr McKenzie had better at once extend his securities to every kind of article from a flat iron to a big sheep run, and make the national pawnshop complete.
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Bibliographic details
Hastings Standard, Issue 105, 27 August 1896, Page 4
Word Count
167Advances to Settlers. Hastings Standard, Issue 105, 27 August 1896, Page 4
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