DEFENCE & FINANCE.

Nelson Evening Mail, Volume XLIII, Issue XLIII, 8 June 1909, Page 3

DEFENCE & FINANCE.

HELPING LOANS ON SECURITY. (Prom Our Own Correspondent.) WELLINGTON, Monday. During the debate on the Defence ; Conference this evening, tne Premier made two statements that, though somewhat vague, were of interest and ' importance. He stated that during next session the Government would legislate on the question of defence. They had had a scheme which he believed -would meet with the support of every reasonable member of the !' House They could not propose an - expenditure of one mililon a year for s- internal defence. E "In regard to the general financia •i position of New Zealand, there would \ to a proposal in the-direction of furI ther assisting to provide people who

? wished to obtain money on securities. j The drop in the price of wool, the dis--8 location of the flax market, and more " recently the drop in the frozen meat ' market, resulted in some of the se--5 (fnrities being not so good as they t, were a year or two agOi - i Mr Massey: "Th 6 securities are all i right. It's the money that is want- ! .cd." *■ 1 Sit Joseph Ward added that during 1 his visit to the Old Country he ought ' to be able to help materially In this direction. The Government was anxious to bring about an improved condition in that respect, and ho sinI cerely hoped that during the text Parliament they would do so. c»w — •?