INTEREST AND RENTS
DENIAL THAT FINALITY HAS BEEN REACHED. MR FORBES’S STATEMENT. By Telegraph—Press Association. Wellington, March 31. The Hon. G. W. Forbes denied this morning that finality had been reached by Cabinet on the question of an arbitrary reduction in interest rates and rents. He said it was a very complicated null., r and required exhaustive consideration of all the different aspects before any action was taken. “However,” he said, “by the time Cabinet has completed its consideration of the question of economies generally I think we ■will have something to present that will create some little stir.” It is understood that the method of equitable readjusting interest and rent charges is exercising the minds of the Ministry more than the actual principle of 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 Cabinet is doing, on tho ground that the general idea of tho proposals to be carried out will be given jn a financial statement to he presented in the House of Representatives shortly.
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 90, 31 March 1932, Page 7
Word Count
191INTEREST AND RENTS Hawke's Bay Tribune, Volume XXII, Issue 90, 31 March 1932, Page 7
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