PARLIAMENT.

Waikato Times, Volume 116, Issue 19353, 5 September 1934, Page 7

PARLIAMENT.

BUDGET DEBATE

discussion resumed.

MORTGAGE SCHEME CRITICISED,

(By Telegraph.—Press Association.)

WELLINGTON, Tuesday. The Budget debate resumed m the House of Representatives o day. Mr A E. dull (Government— WaipaS) said he thought the Government might consider making the me c 3 Cd-ase l' c ' ls '“ ns ror rC l 'he S Uove.-nme n t saw no reason foi J lie ra ij on handing mortgages f l)ie and including even the activities ol we cHtn Advances Department, out would "withhold further criticism until the details of the scheme were made known. There should be a com pm sory contributory system of super annuation for all persons not only for those employed by the Sta e and that would largely do away with old age pensions. chapman (Labour— Wellington North) said the . Government would have been deserving ofmo credit if the Unemployment Fund had shown a deficit and thousands of people had not been left to suffer hardship. No provision was made n the Budget for Britain’s refusal .to take all New Zealand’s surplus produce. He appealed to the Government to make the old-age pension increase retrospective to Apia •

Benefits of High Exchange.

Mr D. S. Reid (Government— Raglan) said the establishment of a mortgage corporation was capable of o eat benefit to the people He submitted that not only . farmers, but also secondary industries, had bene flted greatly as a result of the high exchange. The Governmei t should hand the control of all highways to the Main Highways Board to relieve local bodies, and the money from petrol tax should be paid to the board and none to the Consolidated Fund. He contended that railway freight for trucking cattle should be reduced by at least 15s a truck. Mr F. Jones (Labour —Dunedin South) said the benefit of the high exchange was goirig to the banks and stock and station firms. The Budget was a step in the right direction, but did not go far enough. Old-age and other pensions should have been restored, but the Budget did nothing for the worker who came under the Arbitration Court. Mr J. A. Lee (Labour —Grey Lynn) doubted if the Government was responsible for the balanced Budget. He thought credit should be given to the printer who printed 28,000,000 bank-) notes He contended that In these days of quotas, boys should not be trained as farmers to stock an already overstocked market, but as artisans. Mr W. J. Broadfoot (Government — Waitomn) said the outlook for the dairy farmer was brighter. New Zealand owed a great deal to the Ottawa agreement, as it fostered trade within the Empire. He congratulated the Government on its handling of the interest question. He complimented the Minister on the proposed establishment of a mortgage corporation, which would lower interest rates and benefit all sections of people in town and counify. The debate was adjourned.