PARLIAMENTARY

Ashburton Guardian, Volume V, Issue 1284, 9 July 1886, Page 3

PARLIAMENTARY

LEGISLATIVE CODNOII Thursday. July 8. The Council met at *2 30 p.m. The Mining Companies Bdl war a third time and passed. Mr Reynolds moved the second of the Harbours tot Amendment v . The motion for the second read: a agreed to. The Council went into committee fu-ther consideration of the Nstiv serves Empowering Bdl, Native Eq Owners Bill, Municipal Corporate and Local Bodies Loans Bill, all o- ’ were reported with amendments, - Council adjourned. The Council in the evening pass Municpal Corporations Bill with a menfa, and further considered the Bodies Loans Bill, adjourning at 9 2

HOUSE OF REPRESENT ATI Y x EVENING SITTING Thursday, July 8 The House resumed at 7 30. Replying to questions, it was stated that If the Canterbury people provided a sum for a rlfl j range Government would furnish an equivalent sum for the purp s i; that if any persona were found willing to

undertake ostrich farming Government

would assist; that no assurance whatever had been given that, until Tawbaio gave hia consent,, no court would be held at Kawhia or elsewhere in the King Country.

Mr Sutter resumed the debate on the New Plymouth Harbor Loan Bill. The motion for the sec -nd reading waa carried by 39 to 3 J Mr Macandrew moved the second reading of the Otogo Harbor Bridge Bill. The motion was agreed to after some discussion, by 33 to 12. Mr Steward moved the second reading

of the Waimate Ercecoorse Traiteea Km powering Bill, the object of which was ( j enable the trustees to borrow £SOO for the purpose of erecting a grand stand on the racecourse and other buildings. The motion w e agreed to

Mr Hislop moved the second reading af the Oamaru Harbor Loan Bill, the object of which was to consolidate certain loans.

The motion was agreed to.

Mr Garrick moved the second reading of the City t f Christchurch Municipal Offices Bill. It was merely to enable Christchurch city to borrow £6OOO for the erection of municipal officers. The motion was agreed to Mr Tola move! the second reading of the Auckland Haib >r Board Loan Bill, the objcc of which was to borrow £300,000 for harbor improvements. The motion was agreed to.

Mr Bailance moved the committal of the Wanganui Harbor Bill, explaining that it was to levy a rate for Harbor improvement. Mr Bryce -opposed the Bill, and was speaking at the 5.30 p.m. adjournment. 9n the House resuming, Mr Beetbam, without notice, asked whether the time conld be extended for sending in the voting papers of the Government Insurance Association

The Premier said there was no power to Jo so.

The amendments made by the Con ic in ibe Miners Act were agreed to.

Mr Macandrcw moved the second log of the Public Advi aces on Land

Although more properly a Govern meesnre he pleaded with the Hoi;

consider the matter setious'y, and h prepared to face any amount of ri if he could only get the subject taki in earnest Ad must admit the cultural and pastoral interests were gr crippled by the high rate of interest, bis Bill set forth a very simple intelligible plan whereby the eredi; the State could b 3 so applied that adv on land might be obtained it a . lower rate. He detailed the msch; clauses, and the precaution take guard the security of such advances one was allowed to borrow more * half the value of his land up to a i of £2OOO, and the rate of interest, vi - be per cent. Advances were to made payable in New Zealand debenture =. convertible into t-tate promised y notes Mr Kerr thought the bill would have been useful if made law 40 years ago. It was too late now when the people were already burdened with debt. He thought Mr Macardrew was having a joke with the House, but intended to vote for the bill in order to see whatcune of it.

The Premier said practically the bill proposed an issue of a new paper currency, and would uot give relief to the people who most wanted it, namely, those already heavily mortgage. The grest objection was that it imposed a new and dangerous function on the State, snd opened up a long vista of perilous innovations. No provision was made for the expersa of wording the Bill, and it was another step in the direction of making the people look to the State of everything. At most these advances would lower the rate of interest for a few years only. Mr Ivess was disappointed at the Premier’s adverse criticism, ard contended It was the proper duty i f the State to undertake a system which was In force elsewhere with exce'le <t|reeu ! ‘

Mr Scobie Mackenzie denied ihat M' Macandrew’s proposal was the (i:so as those quoted by Mr Ivess. The B!1 really meant advancing money to some people at the expense of othe - ». The mischief had been cansed by the facility with which money could bo borrows t, not by the high ra'es of interest, and by tha inflated prices given for land. Ue uo'i general objection to all the Bills introduced this session for what be called “ encouraging borrowing.” and u r ged the Hooae to throw this one ont at once.

Mr J. C. Buck’and said the paper currency proposed in the Bill would be taken up by rich men and used by them to pay their debts, as had been dona before In New Zealand by members in this House.

Mr Walker spoke at length in support of the Bill, for which he gave great c vdlt to Mr M*c*odrew. Mr W. F Fn-l-ts'-d *sid this Bill was really the outcome of the borrowing policy, and would have to be taken in band sooner or later. He would vote for the second reading sshe could not see any possible harm to come from it. Mr Barron said what was A.B C. • > Mr Maoandrew, wasI.O.U to other f ie ; those who had money to lend tto vote against the Bill. Mr Steward said Mr Macand had earned the thanks of the 8'; • iral community for his honett a- to relieve them from their diffic He supported bis endeavour Mr Pearson gave the Bill aq - ap-

proval, but was afraid Mate ving for private individuals might i our credit in the London market. V pie who most wanted relief were tin aady heavily mortgaged, Mr Macandrew thonght the i of debate both significant and g ing. He was willing to consider par ; . r.ondments in Committee. The House divided ; ayes 32 ; » 18, The Bill was read a second :L... ; , and the House adj urned at 12. 40 .