Untitled

Hawera Star, Volume XLV, 27 July 1925, Page 9

The lambing season is commencing well and early, and in many parts of the district early lambs are reported. On the Egmont racecourse may he seen over 20, all looking well and, in good condition. This will be good news to the club’s energetic farming comniittee.

There was now a party policy which aimed at nationalising State and private enterprises, and it would he for the people to choose whether they would lost their freehold (said the Prime Minister, Mr Coates, at Palmerston North on Monday). The principle of nationalisation of everything would! lose their freehold (said the servants —State pawns —and no longer would one be able say “this is mty home and no one else’s.” All property would he valued, mortgage equities would be investigated, and to conduct adjustments along that line would mean financial chaos. 'The mortgagee was, he continued, essential. Few had the capital to develop a business or a holding without him, although there might he a reaction in slump times, ‘■f have a mortgage and a pretty hefty one, too,” forcefully declared 1 the Prime Minister. “Like many others. I could have done without it, hut ill one desires to improve the productive value of his land one must spend money.” He added that that was the keynote of business enterprise—development—and few there were who could effect desired improvements without borrowing money. As to New Zealand’s position and the matter of the people’s mortgages, he felt confident that British thrift and industry could, and would, pull them through.