BUDGET DEBATE.

Manawatu Standard, Volume LV, Issue 257, 27 September 1935, Page 10

BUDGET DEBATE.

the improved condition. Per Press Association. WELLINGTON, Sept. 27. Continuing his speech in the Budget debate in the House of Representatives to-day, Mr J. W. Munro said the Government members should be well satisfied with the Budget, but lie thought it was rather an accident, largely due to the sale of gold, and death duties, that it was a good Budget and a lucky Budget. He wondered if the run of luck was going to continue in favour of the Government. Mr A. E. Jull said no loss had yet occurred to the Government in the transfer of mortgages from the State Advances Department to the Mortgage Corporation. Thirty-six millions of mortgages were transferred to the corporation, for which 29 millions worth of debentures had been issued, leaving seven million in abeyance for adjustments, but with the improvement in the country’s condition the position of doubtful, mortgages was steadily getting better. He thought some relief might have been given in the .sales tax. Every consideration also -should be given to the removal of the primage duty at the earliest possible moment in ‘order to assist United Kingdom exporters to New Zealand. He thought the people should keep in mind, when referring to the tariff, that British goods included more than those from the United Kingdom. He said the minimum price of wheat in Canada was fixed by the Government to prevent speculators bearing down the prices to the producer, but wheat wag selling in Winnipeg at a considerably higher price than the fixed minimum at which the Government would buv.

Other reports of the Budget debate appear on pages 9 and 11.