HIGHWAYS FINANCE

Waikato Independent, Volume XXIV, Issue 3230, 10 June 1924, Page 3

HIGHWAYS FINANCE

INTENTIONS OF GOVERNMENT. ' The difficulty which faces local bod- j ios in financing their part of works uu- ] dertaken under the Highways Act was j discussed by the Prime Minister on , Saturday. "We 'must have better, roads," he said, "and they must be . paid for. Arrangements will be made accordingly." . Mr Massoy was asked if that meant j the authorisation of a joint loan in j which would be pooled the requirements j of the individual local bodies for their half shares of works. He replied that j going on the London money market was j not so simple a process as some people imagined. The market was an exceed- i ingly delicate instrument and required * careful handling. However, the Gov- I eminent recognised the position, and some arrangement would be made to meet it. The anxiety of motoring interests and local bodies to be acquainted with the contents of the Motor, Vehicles Bill was mentioned to Mr Massey. He said copies of the Bill had just been circulated to members of the Cabinet. Its provisions would not be published upnti) the Bill came before Parliament.