SLOWER PACE

New Zealand Herald, Volume LXXVII, Issue 23748, 30 August 1940, Page 11

SLOWER PACE

Fp HOUSE SITS LATE %f ft PROLONGED DEBATE 9 | STATUTE AMENDMENTS Ifl. 1 fuY TELEGRAPH —SPECIAL REPORTER] [.] WELLINGTON. Thursday ' II A slower pace was sot in the House I f Representatives to-dav, when the " Preater part of the afternoon and night t ' fcttings was occupied by the second iteadinff debate on the Statutes Amend*4 Cent Bill. . M The extension of the Fair Rents Act . ■ |L r a year, whicli is effected by a clause f§D the bill, was criticised by the Leader ly the Opposition, the Hon. A. Hamil|?ton, allC * severa ' other speakers, inhere > vas a ' so some discussion of the igorernment's transport policy, aspects if n liich ore covered by clauses in the *\ IdU.' 1 Urgency was taken for the measure 'lliynigKt, when it became apparent that fjiiscussion was likely to be prolonged.. Iflie debate was still ,in progress at a Plate hour. M (jjjg Finance Bill, No. 2, which was Introduced to-day and read a first time, no provision for the imposiPtion of an excess profits tax. There had - tsbeen considerable speculation as to V Whether the tax would be imposed by lihc bill, particularly following a recent jjjinnouncenient by the Minister of > the Hon. W. Nash, of the intention to introduce iljucb an impost. The bill, which will be Ifjiscussed to-morrow before the House lljdjourns for some weeks, provides authority f° r the development of the linen if Has industry by the Government, and • -makes alterations to the income tax ffjaff affecting certain Classes of coinif panics. There is also a variety of misf fijellaneous clauses. • If The House went into committee on Ijjhe Statutes Amendnfent Bill shortly i after H p.m. A division was taken on B{he clause extending 'the Fair Rents ||ict, and resulted in the clause being I] retained bv 34 votes to 17. I FARMERS', LOANS : | S-! advances by state li H ' (IMPROVEMENTS ~ AND STOCK 'I ' • ' ' ' I 1 RANKING WITH FIRST CHARGE i " 1 t ßr TELEGRAPH SPECIAL REPORTER J -fl v WELLINGTON. Thursday if Loans granted to/ farmers by the llsfate Advances Corporation for the imI'lprovement of property or the increaslling of'.--stock rank equally with any |] existing first mortgage, according to a. liieply given by the Minister in chargc-i §of the State Advances Corporation, the. lIHon. H. T. Armstrong, in the House , ||of Representatives to-day, to a question |by Mr. D. C. Kidd (Opposition—WaiItaki). v . If Mr. Kidd said that farmers, financed Iby banks or stock firms were complainffing that these institutions were refuslljng to carry the accounts of farmer; jSirhe're their security was being inter- ; jfiered with or made subject to a State iAdvances mortgage. 1 loans under the J farmers' loans emergency regulations glare secured, when they are for improvling Farm property, by a. charge on the fl farmer's land," said the Minister in If reply. "This does not become h first If charge over the farmer's asset in the I land, but ranks equally with any existling first mortgage. ■ "'Loans for increasing stock are llsecured by a charge on the farmer's "it stock and chattels, and, again, the II charge does not' operate as a first 11 security, but ranks equally with the U first mortgage on the stock. The effect, f| therefore, is that, where an equity in I land or stock is increased by an advance I under th© regulations, the State obtains a charge over the increase." IflVlien the scheme was first intro||duced, Mr. Armstrong added, a conferlience was held by the corporation with M representatives of tlie banks and" the F' stock firms, and tho Government's proH posals, which had then been given •". legislative effect, were considered by the §3 banks" and stock firms' representatives P to be fair and equitable. The result was B that no difficulty had been anticipated §| in securing the active co-operation of || those interests. An assurance had been I j given, in fact, .that the banks and fa Block'firms would co-operate to the full || yith the Government. H . . . • ' GIFTS TO CHARITY If - If PROMISE OF, TAX REPEAL || / If , [Bt TELEGRAPH —SPECIAL REPORTER] fe WELLINGTON, Thursday I: An assurance that although the Finl i fence Bill No. 2 did not contain provig sion to repeal a clause embodied in an g earlier Finance Bill taxing gifts to g charitable institutions, the necessary amendment would be made, was given ®| by the Minister of Finance, the Hon. j§ W. Nash, in the House to-day in reply to a question by the Hon. J. G. Cobbe -ft? .(Opposition—Manawatu). Mr. Nash || said he was pleased the point had been p. raised. He would see to it that the !§ necessary clause was embodied in the || measure. p , 1 11: "FADING LOADED GUN" if • I PLIGHT OF THE FARMER I [BY TELEGRAPH —SPECIAL REPORTER] || WELLINGTON, Thursday & "The farmer is facing the loaded gun I at every turn," said Mr. W. J. BroadIf foot (Opposition —Waitomo) during the p debate on the Statutes Amendment If Bill in the House to-day, when criticis- : ing restrictions on the use of farm || trucks and the Government's transport fl policy in general. Mr. Broadfoot cornII plained particularly of increasing transit port costs. |S _ "I think the farmer is entitled to be disgruntled," .Mr. Broadfoot continued. fs|- A Government Member: You are a f|i good agitator for them, li The Farmers' Union was fully en- §| titled to draw tlie attention of the Government to inequalities and the || granting of privileges at the expense & the farming community, Mr. Broad|l loot said. The farmer was prepared to M, do all lie could to increase production I? and help the war effort, but lie was 1 meeting higher costs on all sides. ill legislative council I . I Iby TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Thursday 1 In the Legislative Council this afterI ®oon, the Greymoiith Harbour Board I Loan Bill and the Invercargill City | Unc il Tramways Depreciation Fund f| Bill jvere each read a sec- | time. The <M eserves and Other | '~®°ds Disposal Bill was reported from I 'he Lands Committee without amend--1 ? en t, put through the committee I and passed..