HOUSE OF REPRESENTATIVES.

Stratford Evening Post, Volume XXXVI, Issue 75, 2 August 1913, Page 2

HOUSE OF REPRESENTATIVES.

The Homan Catholic Archbishop Empowering Bill (Sir W. C. Buchanan) war; read a second time. STATE ADVANCES. In submitting' a return showing State advances from July 1, IPL2, to July 1 1913, lie Hon. Jas. Allen said that although tho limit of advances had been increased the Government was paying out at the rime i f £75,000 monthly. Hr did not think the total roukl be increased till the money mar- ! t eased. Mr C. W. Bussell said that he had heard that K- per cent, was being paid for second rnengages He would ’■' euife pr'-ncrcd io assist t!, n Govern ment, il uiu> desired, ui meet the high rate of intm-osu, to go on ihe London market for tv o millions.

Tho Hon. W. F. Massey said that the rate of interest depended on the quality of the security. They all knew that there had been a stringency, and that it bad, to some extent, been

relieved. Money could now bo got at 5% to 6 per cent., providing tho security was good. It had been the rule that tho Government should not advance money to pay off existing mortgages. Ho did not agree with Mr Russell tha f they should go on the Loudon market at present.

Mr D. Puddo said that the fanning community looked to the Government to relievo the stringency of tho money market.

Mr T. M. Wilford pleaded with the Government to see that borrowers wore protected.

Mr J. A. Young contended that the lending system of tho Government wan being abused. Town properties were getting too much.

The Hon. Jas. Alien said that hue Public Trustee had found a nugo sum of money during the past year for local bodies, and the bodies know it He thought it would not he practicable to go on the London marker, as suggested. Tho Government was not responsible for meeting mortgages coming due. There was ”n’.y a limited supply of money. They could not do everything. The questhu was, were they going to advance money to pay off existing mortgages, or were they to advance money to settlers going on the land to increase the productivity of the country? Advances were being made to leaseholders. More had been advanced to them than to freeholders. Last year £426,000 was advanced to 444 leaseholders. The Government proposed to the best of their ability to find money for settlers. Over £IOO,OOO a montff was being paid out for advances to settles and workers. THE COPYRIGHT BILL. The Copyright Bill was read a third time and passed. LAND AND INCOME ASSESSMENT. The House went into Committee on the Land and Income Assessment Bill. The Hon. J. Allen stated that he was considering the question of the Customs tariff, and whether something could not be done to relieve those pay-ing'mortgage-tax. On the clause providing for the exemption from income tar of persons earning from £3OO to £7OO a year with families up to four under the age of sixteen, the Minister in charge of the Bill (Mr Allen) agreed to make the number uf children five, instead o' tour.- ! ’

The debate on the Bill was continued by members of the Opposition, an obvious stonewall being set up. At one stage Mr Ngata arose and addressed the chairman in Maori. He was ruled out of order. Then Mr Parata addressed the chair in the native tongue'only to b Q treated similarly.

The dek'’to'was ; ooritinned, and when the Telegtaph Oilitre closed at 2 k.m., t’-Q-.House was still‘sitting. !i ’ ' ''

,r ' -ALL-NIGHT SITTING. 1

Wellington, August 2

In the House, after 2 o’clock, the Land and Income Assessment Bill was reported with amendment*, to which the Minister had agreed. The Old Age Pensions Reciprocity Bill was put through dt* 1 committee stages unaumnded. !i 'I ll :l '[

The Committee tiled coiisidetcd the Pensions Bill; 111 "

On tdie -question of th® short' title, Mr Russell moved to report progress, hut on a duision, the* motion was defeated.

At 3.45, Mr Veitch protested against keeping the House to consider important measures at such a late hour. He thought the House was most obstinate. From then on, members of the Opposition kept the debate going. At 6 a.in., with twenty-one members in the Chamber, the opposition to the Bill was still manifested. Amendment after amendment was proposed, and argument in favor of amendments was prolific in verbiage, but not in conclusion. Clauses one to six were passed, and progress reported.

On the motion of the Minister at

7.10, the House was occupied for an hour in the discussion of points of order, and at 8.15 a.m. the House adjourned.