WORK FOR THE SESSION.

Poverty Bay Herald, Volume XXXX, Issue 13069, 8 May 1913, Page 8

WORK FOR THE SESSION.

BANKING, LEGISLATION.

<J •J. m i :"> l - (Pet Press Association.} WELLINGTON, last night.. "There will be some imppitant^ii^nKing legislation brought down during the coming session," said the HoiC W. F. Massey to a reporter to-day. " *■■■*, In the, first place ,£here .would-be Übe question of the renewal of the Government guarantee,' w,h}ch expired this, year. There was' also the proposal to give the newly-started Oommercial Bank of Australia the power ,tq ,i^sue,<jioj^ep, , whifih,. it does not at-.present.-, possess fchip most important legislation would, he added, be m connection withs-the ißank, of New Zealand. There was evidently a decided difference. of opinion^ between the directors and tie .shareholders at the present time, and- Xintil that was settled he could not even suggest what course he proposed to follow. >••" :■'■ -.. -^. r ., "Will you," he was asked, "legislate according to the ' desire of the majority?" "Not i^oessArily^so," was the, renly. "I .^h^ll -consider ti>hfiu> Jntergrts vpf oCtmtty aii a wMlewJauogetteE frbm^the intaresta of fh« shareholders. I know exactly lrtbat «6tti^ej.'£ grppgsfe tt&ifce, • but until t krio"w what the shareholders and the directors of the bank . ; . have, decided, I am not m a position- to mabe it I public." -Owing W thfe improved financJal'^posiH tion, Cabinet haa .Jl^ded; to, rajse^the limit of advances under the workers' dwellings' Bchome, ; froßij>fi3oO to^^fWOO. i Nothing haa;yet !heea flone m the matter of adViticei' ifr local-bodies. The Premier said to-day, that no ap.pointments to the Legislative Council will be considered until »• fuller -meeting of Cabinet can be obtained. A Bill for reform of the Legislative Council will be T«-introduced next session, and the Government' vrHh nee every • endeavor to place it on the eta.tM.te.. book.