N.Z. PARLIAMENT

Waihi Daily Telegraph, Volume XXXV, Issue 8921, 28 May 1936, Page 3

N.Z. PARLIAMENT

HOUSE OF REPRESENTATIVES MEETS

SHOPS AND OFFICES BILL

SECOND READING CARRIED

By Telegraph—Press Association WELLINGTON, This Day.

Yesterday afternoon the House of Representatives resumed the discussion on the committal of the Shops and Offices Amendment Bill. Mr S. G. Smith said he thought the Bill was a little less harmful than other Labour measures that had preceded it, but there were still one or two clauses which he considered the Minister would be well advised to modify. The Hon. H. T. Armstrong, Minister in charge of Labour, in reply, said he did not think that any previous Minister had made as many amendments to the measure as he had. The provision limiting the payment of overtime to employees receiving less than £3OO yearly had been found to be an anomaly and had been removed.

The second reading of the Bill was carried.

LEAGUE OF NATIONS BILL The Prime Minister, Hon. M. J. Savage, then moved the second reading of the League of Nations Sanctions Regulations Confirmation Bill and it was put through all stages and passed.

The Shops and Offices Amendment Bill was then considered in committee and the short title was passed on the voices. Mr S. G. Holland moved an amendment to clause six to the effect that where a shop or office was more than five miles distant from the inspector's office a notice that overtime had been worked could be given within 24 hours. He said the amendment would overcome the difficulty of country shopkeepers who were not within easy reach of the inspector to secure a permit to work overtime.

MORTGAGE CORPORATION

The amendment was lost and progress was reported to enable the Mortgage Corporation of New Zealand Amendment Bill to be introduced. The Minister of Finance, Hon. W. Nash, explained that the new corporation would be called the State Advances Corporation of New Zealand and the Government would purchase the private capital at present in the corporation. The new corporation would issue loans for house building aid, while a margin of 66 2-3 per cent, would be retained. Provision was made to lend more than that, even up to 100 per cent, in certain cases, and the money would be raised by the issue of bonds bearing interest at 4 per cent. Provision would also he made where the corporation had jurisdiction over properties and where it was collecting the rentals from properties mortgaged to it that the rates would !)e paid to the local authorities.