PARLIAMENT.

Wanganui Chronicle, Issue 12889, 2 August 1913, Page 8

PARLIAMENT.

(Per Press Association.) WELLINGTON, Aug. 1. "The House meb at 2.30. Tho debate on the Legislative Conned h\n was resumed by the Hons lacker ami Ualdio, both of whom opposed The Hon. Bell, m reply, read the ,-vn-oement conm tc with tho Hons. .Samuel and Ortnond, tc the effect that he would not regard tho passing of the second roadim' as affirming any more than the principle that a change in tho constitution of the Council was desirable. On the basis of this agreement the Hon/Samuel asked leave to. withdraw his amendment until the committee stage v,-,as reached. r , ~ Leave wa* refused and the Council ton division, the second reading "v&einrg carried by> 21 to 12. _ ' Ht>ii: Bell; moved to go into committee-. , , . / The-Hon. Samuel moved his previous ''.amendment to refe:' the Bill to a Select romn»itt«v -which- tho Minister acceptIndustrial Conciliation and Arbitration Amendment Bill was put through committee with slight amendments and passed its third reading. Tho Council -adjourned at 5 p.m. until . ".Wednesday.

HOUSE OF REPRESENTATIVES

' 'I'ho.'Houso. mot. at 2.30. PRIVATE BILL.' The' Roman. Catholic Archbishop Empowering Bill (Buchanan) was read a second time. STATE ADVANCES. In submitting a return showing the State advances from Ist July 1912, to Ist July 1913, the Hon. Allen said that although the limit of advances had been mcfeased the Government was paying -*nit at the rate of £75,000 monthly. He -tiki not think the total could be increas-•••d-until the money market improved. Mi- Russell said he had heard that ucn per cent was being paid for second -mortgages. He would be quite prepared •io assist the Government if they desired to meet the high rate..of interest to SO on the London market for two millions' • '$o%' Mr ;Mas>?y said tho rate of'interest -«lepencled on the quality of the security. They all knew there had- been a stringency, and that it had to some extent been (relieved. Money could now be got at 5\ to 6 per cent. ,providing the -security were good. It h.ad been the rule that the Government should not xivdvance money to pay off existing mort--gages. He did not agree with Mr Bus>e\l that they should go on the London market at present Mr Buddo said the farming community looks to the-Government to relievo it/he stringency of the money market. Mr Wilford pleaded with the Government to se-/> that borrowers were protected. Mr Young contended that the lending -system of tho Government was being -abused. Town properties were getting "too much. i Tho Hon. Allen said the Public Trus-j tee bad found <\ huge sum of money •during the past year—for 'local bodies, and tho bodies knew it. He thought it would not be practicable to go on tho "London market as suggested. Th o Government was not responsible for meet-j ang mortgages coming due. There was' only a limited suply of money. They could not do everything. The* question nvas—were they going to advance money to pay off existing mortgages, *or were ■ they to advance money to settlers going ■on the land to inoreaso 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; 'mid £407,000 to 395 free:hoklers. The Government proposed to the best of their ability to find money for settlers. Over .a hundred thousand per month wag being paid- outffori r ad'•^nHKPR!. to settlers and workers. ■ THE "COPYRIGHT BILL." The Copyright Bili was read a third "trme and passea. :■.:>.:■' ■■ LAND AND INCOME TAXr The -House went ; into • committee on -thg Land and Income .Tax'"Assjessment Bill. .. .. .... ;. ~;'.., ■, ■..■■''■;!''; f • ■

' The Hon. Allen, stated' that he -was •considering the question of .Custdims tarlff r and tvnether something could] not be ■>Qono to relieve those paying the mortgage tax. * ... The Houso n;et at 2.30. The. Land and Income ■T^ Bill in •committee, debate ou tho' "cMuse provide l°K fpr from the income tax oi persons ea".uin.'^from £300 to £700 .--a year with fR-xisilie? up to four under tiie age of sixteen, was continued. Th« .... Sfmister in ihnrgo of the Bill (Mr. J. Allen) agreed to make the number of vchilaren fiva instead ef four. ' „. The.debate c :i the Bill was continued t/y..members of tho Opposition, an obvious, stonewall being sot up. At one stage Mi ?«gata«.roso r-nu oddicssed th.> vhuir;inan in-.-Maori. Ho -was ruled out of -->rder. Thou. i - L^ratu address] ;h,chair in the nowv» language, ...nlv to j,f , .created sjmilady. At 2 n.in.; u-h,-.., the- Irlpgraph nir u . t . .vlosed, : the Ilnuf^ was still .-iittinß.