RELIEF' FOR FARMERS

New Zealand Herald, Volume LXX, Issue 21467, 15 April 1933, Page 10

RELIEF' FOR FARMERS

BILL BEFORE CONGRESS DEFEAT FOR GOVERNMENT AMENDMENT INSERTED By Telegraph—Press Association—Copyright (Received April 14, 5.5 p.m.) WASHINGTON. April 13 By six votes tho Senate to-day gave tho Administration its first defeat. Inserting a cost of production guarantee into the Farm Relief Bill a coalition of Democrat and Republican Independents adopted it by 47 votes to 41 in the face of tho repeatedly registered disapproval of the Government. This action was followed within a few minutes by tho approval by tho House of Representatives of the two billion dollars farm mortgage refinancing section of the bill which was voted on by that House separately. It was passed by 387 votes to 12 after the Speaker, Mr. H. T. Rainey, had blocked an attempt to have a big currency inflation plan substituted for the entire scheme. The House, which long ago approved the Farm Relief Bill, voted on tho Mortgage Bill to shorten the time needed to bring both Houses of Congress into agreement ouco the consolidated bill passes tho Senate. Tho amendment the Senate added to the bill is not mandatory but merely authorises the Secretary of Agriculture, in helping the farmer to obtain more for his crops, to use the SimpsonNorris plan under which tho farmer would be guaranteed enough for his crops to cover, his cost of production and a reasonable profit. Tho Farm Mortgage Refinancing section would authorise the subscription of 100,000,000 dollars by the Government for setting up a permanent system of Federal associations to provide mutual thrift institutions in which people might place their savings and invest their funds, and in order to piovide for the financing of homes.