Parliament. HOUSE OF REPRESENTATIVES.

Manawatu Herald, 14 August 1894, Page 2

Parliament. HOUSE OF REPRESENTATIVES.

Friday, August 10.

The Speaker took the chair at 2.80 p.m.

The Dunedin Loan Conversion^ Bill was read a first time. Mr C. H. Mills continued the financial debate.

Messrs W. Hutchison, Joyce, O'Regan, Kelly and Hone Heke also spoke and then

Mr Ward rose to reply, during which he pointed out that the Governmen; would not be responsible for the the £80,000 interest unless the Bank failed. A few months ago the Government had received an offer of two millions of money at 3 per ceJt. for the purpose of carrying on railways. He had seen a letter received from Australia since the Budget proposals were made known offering to lend money to settlers to the extent of £140,000 at 5 and 6 per cent. ; and yet hon members on the other side of the House were continually predicting that the Government would be unable to raise the money cheaply. The Treasurer defended the policy of the Government against the charge of borrowing, pointing out that tin only proposal in the Budget that could be declared one of borrowing was that of raising £250,000 for roads and bridges.

The House then went into Committee of Supply.

The first item was agreed to, and then progress was reported. The Designation of Districts Bill, received from the Legislative Council was read a first time.

The Industrial Conciliation and Arbitration Bill was received by message from the Legislative. Mr G. Hutohison raised a question ot privilege that the Council had altered the Bill in respect of fees. It was resolved that this question should be considered on Tuesday, when the other amendments will be dealt with.

The House adjourned at 2.10 a.m.