LOANS TO MAORIS.
IS IT A RISKY BUSINESS? (By Wire—Parliamentary Reporter.) Wellington, Last Night. “The time has arrived for the creation of a /special department which should have as its main care the better expen’ diture of the money that is lent to natives,” was the opinion expressed by the Hon. A. T. Ngata in the House tonight. He said he thought always that it was a weakness of the advances to settlers legislation of last year that It was decided to lend money on stock when the State had no machinery to see that the money was properly expended. In lending money it was not necessary to consider the security only; the lending department should also take into consideration the personal element and the character of the native, particularly the character for thrift and industry. Unless there was machinery in the district by which the personal equation could be assessed, the lending to the Maoris must be a very risky business.
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Bibliographic details
Taranaki Daily News, 10 July 1923, Page 5
Word Count
162LOANS TO MAORIS. Taranaki Daily News, 10 July 1923, Page 5
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