Relief Workers Still on Strike

Manawatu Times, Volume LIV, Issue 7196, 30 June 1933, Page 6

Relief Workers Still on Strike

Government Asked to Finance Essential Works COMPREHENSIVE SCHEME SUGGESTED Per Press Association NAPIER, Last Night. No settlement has been arrived at in connection with tho strike of relief workers in the Napier-Hastings district. Tho men for the most part are still refusing to undertake the work offering though there is a fairly substantial number continuing to make their appearance on the various relief jobs as usual. A conference of local bodies’ delegates convened by the Mayor of Napier (Mr. C. D. Morse) in an endeavour to settle tho dispute decided to ask the Government- to secure from all local bodies a list of their urgent essential capital works and to seek Cabinet consideration of tho general question of financing local bodies either by an increase in currency or any other means which would result in undertaking essential approved work throughout New Zealand preferably by tho capitalisation of part of the unemployment funds, maintenance work to be at standard pay, on the basis of essential and approved major construction works subsidised from tho unemployment funds. To-moruow morning the provincial council of the National Union of Unemployed will meet in Hastings to discuss the answer of the Bay County Council to the ultimatum of the Provincial Council. The period of this ultimatum expired to-night. The provincial council will then transmit its recommendations to the national council of tho National Union of Unemployed in Wellington. Tho County Council has undertaken not to reduco its own staff and substitute unemployed and says its decision as to whether married men shall go into camp shall rest with the men concerned.

Money for Public Works

DEBENTURES AND STOCK AT 3J PER CENT

GOVERNMENT POLICY OF FINANCE

Per Press Association WELLINGTON, June 29.

The Minister of Finance, Mr Coates, announced to-day that the Government has decided to resume tho sales of debentures and stock on July Ist next through the post offices and branches of hanks of issue throughout the Dominion. The securities to be issued arc to provide an avenue of investment for the public in the Dominion. The proceeds will he utilised in facilitating the capital . works programme of the G o vernmen 1 j the policy of which is definitely towards works of a reproductive character, namely, land developments and settlement, forestry, and public works generally. The interest rate will be 32 per cent, and the securities are to have currency to November 15th, 1941, the Government reserving the option of redemption on or after November 15th, 1938. The Minister also stated arrangements wore in train for the resumption of the sale of Post Office investment certificates.

In regard to tho portion of the original 5i per cent, loan which falls due for payment on August 15th next, Mr Coates announced that holders of the stock would bo paid off in cash at maturity.