POLITICAL NOTES.

Oamaru Mail, Volume XXXVIII, Issue 10580, 8 October 1910, Page 6

POLITICAL NOTES.

A STATE MONOPOLY.

By Telegraph.

(From Our Own Correspondent.)

' Wellington, October 7;.' The suggestion of the Hon. E, C! J. Steveiis in the Legislative Council that the business created by the Inalienaible Life Annuities Bill should be restricted to the ' State Office was discussed ; at some length to-day. \ The Attorney-General said that the proposal had a good deal to commend it, but it would limit the'benefits of the legislation to the. policies issuediby the' Government office. The principle in the measure was a new one, and ; it was very desirable that it should hare the adi antagc of competition. ' . Mi Stevens remarked that the ic--ponsibiht\ foi what might happon would lie wliolh on the Government. He was com meed that the AttorneyGeneral would live to lopent before long the attitude he had- taken rip The time would undoubtedly soon conlo when the \alue of Lhe Bill would bo lest to the fcountrj. " Di Findlaj said , that'Mi Stevens had taken an unnecessanly despondent view of the possibility of financial disaster on the 'part" 'of insurance companies If the new.'class of busmdss was .confined to the Government offico they" o would not get the measure tluough the Pailiament for mahy yeais. r « 1 Mr Stevens' .suggestion was nbt agreed =