POLITICAL NOTES
SOUND FINANCES MORTGAGES EXTENSION BILL. PURGING THE ESTIMATES. By Telegraph.—Special to Times. WELLINGTON, Tuesday. The Prime Minister assured th - ! House again to-day that the financial [•i.sitlon of the Dominion was perfectly s Hind. He did not think there was anj Heating debt. New Zealand owes some money to the Imperial Government, but this could stand for the time being. Garc and economy were necessary, but there was no reason for alar,m regarding public finance. Mortgages Extension. A Bill, amending the Mortgages Extension Act was introduced in the Legislative Council to-day. It extends from June 30 next to December 111 next the general protection accorded to mortgages under the existing moratorium law. It makes December 31, 1922, the latest date to which a judge of the Supreme Court may extend the term of any mortgage in connection with which application is made to the Court. Purging the Estimates. The Minister for Public Works told the House that votes that have been on the Estimates for several years, and have not been lifted, are being struck of in ordef to clear the Estimates. These grants could be applied for again if they were required, or they cduld be left upon the Estimates if local bodies made application.
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Bibliographic details
Waikato Times, Volume 94, Issue 14615, 16 March 1921, Page 5
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207POLITICAL NOTES Waikato Times, Volume 94, Issue 14615, 16 March 1921, Page 5
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