LOAN OF ONE MILLION.

Star (Christchurch), Issue 16886, 10 November 1922, Page 4

LOAN OF ONE MILLION.

♦ — ACCEPTED BY PRIME MINISTER. (Per Press Association’.) NEW PLYMOUTH. November 9. Mr Mas.sev addressed a largo meeting here to-night, and received a splendid reception, the crowd singing “ For He’s a Jolly Good Fellow,” as he entered the Hall. His speech kept to the lines oi that delivered at Pukelcohe on. Monday night Ho referred to the conditions tha: brought about the big slump and the difficulties accompanying it, but went on to refer to the improvement in revenue, better prices for produce, cheaper money and other conditions now prevailing, which signalize > the turning r.t the corner and better times. Mr Massey stressed that the present - position made him more optimistic than he had been since + Jie slump. He referred to the steps taken to assist farmem and. the savings made by economy. The political issues of the day were dealt with fully. Mr Massey announced that Mr Jessep, chairman of the Meat Board, who had done goovl work in London in connection with marketing and securing lower freights, is returning to the Dominion. and a gentleman who had been at the head of the Imperial Supplies Department during the war was going Home to take Mr Jessep’s place. It is understood that Mr Massey refers to Mr T. R. Lees, now secretary of the Meat Board. A vote of thanks and confidence m the Massey Government was carried with acclamation. Mr Mansey stated that recently he received an offer from a firm in Eng- i land of half a million at a low rate, which was confidential. He replied stating that he would take a million, and got it at a price not dreamt of in New Zealand during the last ten years.