BUDGET FINANCE

New Zealand Herald, Volume LXXIII, Issue 22499, 17 August 1936, Page 10

BUDGET FINANCE

GENERAL RECEPTION MINISTER'S PLEASURE SOCIAL CREDIT CRITICISM That his Budget had failed to satisfy a section of supporters of various forms of social credit, although its general reception had pleased him, was disclosed by tlio Minister of Finance, the Hon. W. Nash, who arrived in Auckland on Saturday and spent the week-end here. Mr. Nash expressed particular pleasure at the manner in which most farmers had accepted the fixed price for dairy produce, notwithstanding certain protests that had been made. Among correspondence which Mr. Nash dealt with in Auckland were some letters from disappointed social credit supporters, who objected to the orthodox nature of the Budget. " Some of them," ho said, " do not always sign their names." Dealing with the dairy produce price, Mr. Nash said that before the rate was announced ho had been told by many farmers that they would be well satisfied with Is, and that they could carry on at 10£ d, so that some criticism was difficult to understand. Mr. Nash mentioned that the Government's legislative programme was well in hand. Next week the mortgage legislation would he introduced in Parliament. That bill would be succeeded by the Land and Income Tax Bill and the Hon. \V. E. Parry's Pensions Bill would follow. "When these measures had been dealt with, he expected to bo kept busy for some time clearing up details of finance connected with their operation, but ho would be able to dispose of these in time to leave early in November for England on his mission as Minister of Marketing.

Mr. Nash said he proposed to travel via Australia, but although ho might discuss trade matters there, it was unlikely ho would complete any agreements until he had finished his mission in London. He would meet other Dominion representatives at tho Imperial Conference and there was a possibility he would return via Canada, which would give him tho further opportunity of discussing trade questions affecting that Dominion.

Mr. Nash also gave tho information that a pamphlet would bo issued shortly explaining the housing scheme. One of tho important measures in the schemo was tho provision for insuring the homebuilder against an accident that might otherwise rob him of tho homo ho was establishing for his dependants, lhc premium would be added to the amount borrowed, and tho policy would be handled by tho Government Lifo Insurance Office.