SOURCE OF PHOSPHATES.

Taranaki Herald, Volume LXVIII, Issue 16797, 22 July 1920, Page 6

SOURCE OF PHOSPHATES.

COMAIONS PASS NAURU BILL. By Telegraph—Press Assn.—Copyright. LONDON, July 20. * In the House of Commons, on the report sfago of tho Nauru Agreement Bill, the Government made no attempt to reverse tho standing committee’s decision to make the ratification of tho agreement subject to article 22 of the covenant of tho League of Nations. „On tho third reading, Commander Dawes (Coalition-Liberal member for Southwark) declared that tho Government ought to have bought the'company’s shares in tho open market. Ho failed to see how we wore going to got six per cent, fin tho money. It ought not to go forth that we were profiling largely under the guise of the mandate. Lieutenant Atosly . (Coalition-Unionist member for Harrow) thought tho Government made a bad bargain, although someone made a lot of money out of the transaction. Colonel Wilson, for tho Government, quoted figures showing that Australia would benefit to tho extent of 14s a ton on phosphates, and New Zealand would benefit oven . more. Tho Bill was read a third time by 116 votes to 31.—Reuter Service.