POLITICAL NOTES.

Hawera Star, Volume XLVIII, 5 September 1924, Page 5

POLITICAL NOTES.

STATE MARINE INSURANCE

QUESTION BY MR MASTERS

(By Telegraph—Special to Star.) WELLINGTON, Sept. 4. The Minister for Agriculture informed the House to-day that the Dairy Export Control Board has under consideration the question of the' insurance of dairy produce. This arose as a result of a suggestion by Mr Masters that the State Insurance Department should extend its operations to marine insurance.

REDUCED EXCHANGE RATE

When the leader of the Opposition called attention to suggestions for an improvement in the exchange system outlined by a well-known Manawatu business man, Mr Massey announced that the High Commissioner has been able to arrange for a large transfer of money from Britain to New Zealand at an exchange rate of per cent instead of tffe ■ usual 2 per cent. He added that a great deal of exchange was done by way of trade, but there was a good deal, he said, in favour of the same improved system of transferring to New Zealand the surplus credit. SOLDIERS’ REVALUATION PETITION. The member for Patea (Mr. J. R. Corrigan) has presented a petition from John J. O’Reilly, of Westmere, a South African and European war veteran, praying that Parliament will grant him a .reduction of £1337 in the capital value of his farm of fifty acres to enable him to make a living. The Crown advanced £2592 towards the purchase, and petitioner spent a further £ISOO, but the gross receipts from the farm have been insufficient to pay interest. The valuations of other soldiers k farms % in the vicinity have been considerably reduced, the amounts ranging from £IOOO to £2045, but the Revaluation Board, being of the opinion that the Crown equity was protected, refused to make any reduction