THE COUNCIL.

Dominion, Volume 3, Issue 922, 15 September 1910, Page 6

THE COUNCIL.

ROMAN CATHOLIC EMPOWERING BILL. ' / //• When the Legislative, Council met at /■' 2:30 -yesterday,' afternoon' tie' report: of • the Committee on. ■ tho Konitiii ; Cntliolic Arch-, bishop:.of .-Weliifflg^ ■ was received.;' Tbo report -stated'that ..tho. Bill had been OMisidered.clause by clause. ind passed without amendment. ;•■ EXHIBITIONS BILL. -/ .-. A ' rcccivwl from tho House ' IlepreEe'ntnf.ives agreeing to the amend-' monts-mado- .by .the. .Council sin tho/Ex-,iibitions-Bill. ~. ' ../;:;/.'/.^///~ CANTERBURY'COLLEGE BILL. ■ / Tho-CanteTbury.College.and Canterbury :•••• Agricultural.'Collcfjd.^Amendment Bill .was /./received from tlioj; House of Hepres>Mvta■//tives second, S:;. KsSing;-was: : set yidown ; for coxt. • :/./'/'.■; ./' /' : : INALIENABLE", LIFE' ANNUITIESi ; ■ '.The'-ATTO'RNEY-GENEKAL'askea that " **he Inalienable jLife. Annuities Bill, - which, ■'.V-V.-ia'd^'beeii,set 'down. for ; .its second, reading,' : should'; be disoharged /from;the order - paper;, for i the/da j,/and ■ be. set ; down; for, / /" Septembpr' : 22,5-:iis'''s6 i me.\alteratioiis ..were, necessary.' ;• ':■'?% :: ■ /- BY-LAWS BILL. i;;" '.Thevßy-lawSifßiil/.was-^piitjthrough its ./\ ; i (already /'published) .'suggested by /the /-.Statutes 'Revision^GpmririttM. ; -'/'TKei;; third •reading was set down 'for today.; . OATHS BILL. ■:/ .The.Oaths Bill: was.put through ComV/inifct& irithout' amendment.'i'aßd the third ■ " reading ot . the Bill':was-sot-.dowii' for VV^'dayi'/'Vfvs'v-V;-'--9 - , CHRISTCHURCH TRAMWAYS. . Speaking' oh'/tho .second 'reading of-the ; ( o.i6Hristchnrch-{-Ta^Tray:.'-'Di^io!i\;Amifii<l7; : ment Bill. . s -;: Tho Hon.: H. F- sWIGRAM (Canterbury) '"/"a'niions.'.for:'the/Bill'.-to piss, /and -. there './-was no; -opposition /to : ,it. // The' second ( and -the •Committee :stago wits set/down ..- for Wednesday next.. . ; : •• '.'//-'// If/ K RANGITAIKI LAND DRAINAGE. • . -. "•, rho Rangitaiki Land -Drainage Bill was I >a'■ l :thirit?.tiino£ ! andl-ipaaiedo /witlidut;/ /;/ diSou^ion/ V : ?:v// ! / /" ■ v ! TOW N • BOA RD S ;AMEND MEN T. ' i/.V-/The -tliiril-reading : of/the: Town //;Ainadment//Bill:^as:fagreed';w/witho^t ; //'discuiisio'nV and- the''Bill .was '::. FOREIGN INSURANCE COMPANIES' , DEPOSITS, . ''

ft/ ; Bill::3ya's/ ; ffioyed;'b£;:thp: : ;l-;;Act;'/of„.1808-:f6reigtf;:i&uranceTcbmpanies----,.;■required -to Y m'ake , ,ajdeposit//tte.'ma3dmuin 1 .'/,( ./amon'ht'v/pf WwMcbfi.migh.t |r'ieacli' ! VS£3P;oop:' ;;-,/,';X!inder.-Part ..;; 'c<teipa':tiieV ; carrying : :oh.:'accideit/'aiid":niji>i '-':'■'oellahepiis/insurance;.'/'were: .requii-ed-.-'-to /.i-niite a -;dep6sit; : '6f ;'J£10,000,.; btft';by./Section .'Vi- 9/of; .the-Act' a.'.company ;inal£ing;a':.deposit 'v'^fro&Yteakinfe'.%' : ;-/ / Theref oiei; by» making: a deposit -of .iiiO.OOO p/:'./,under/Part-M^a/compauy-'could- aioid : ■fi: its/liapility.:td' deposit/'ilSOjOOO'' under-Part. ;-:/ 1^ "■'■;. .;cpmpjihy/c'arried '.on [/business vunder'.bdth: ~-.: .parfe:.of-;;the,':ActVit,imust.,m ?■' : V; said'-he/was 'Jn/.accbrd'with/the'Bill, /but' ./;. : . he/did -riot- thinkit' went -quite'far enough:■i ;ln '/asspeiatidriv: like/'Llpyd-s -/was /./able,;< to; ;, ;i" they Vhfid' no",- o'fficsliilv/New.- Zealand;-- arid!7":paid;,no';incoin'ovta!x: ;.; : the-S.tate.;'Ho;Hh/pnght'prp'vfsipn;should: /,./ be';.'maile l ':tbi , in'aie^ah;::aisbciat

i'vLlpyd's.,; contribute-'-;their' i quota/! ;■-thef.npk'cfep ,of'; ; thoViira';brigadesl : whichi,! ;.:'.-'proiebted '.-the'-risks' the"v.!hela.:- : '■'.-■'■ '' '•■ /'■//! ;:?^^The;:monUS,K:;'JIi!N&INSON > ,(Tyellih ; g;*: , : -'ton) • though t', the; .Goverranentiinightf take" th'i«/quo»ttbii/'of/the : tire ;!ahd/the, acci-;. ,;.:deht; : insuranoe companies. and;their reguvi '.; ■■ lations-.generallyrV-He'quotedlthe'casejof , ! r use of.'oh; ■;.{.from- thei)insm.Mcii : ij9mpa'njvbManM' , ithe> /;.- company ,heid'fthat.Jriecau , sei'-theV r yOung' ; j man .'could /see ;ii;;fain.t.;glimmer. ! :'of light' -.- heshadi/nbt '"lost.; his'-sight,-; and iconic' ;.';.quently, they;,'w«re , 'no.t;liable.v:'The : 'raat-(- : : ;.V'tor•;'went-,-:to the'! -Couri.bf,-:App'eal,':whicb-;'^Jeoided:ugiin!!t.,:th'o'-youiig;'vniah '■•oti',:a ■//vtechnicai/point; "Sln/U.b .'case.-of ''fire "in--', /'.vsrmince'coihp^ ; , milch, and when': there -was a' total -loss ''he ..-: had to prove iti.iHothought insurance ; com-. :~.,;'pariies....which..lpok- , ;avrisk^'.for "ascertain ;;/"ambnnt/should ::'^fnll^amount;^n' ; :(asb'vbf;'-fotel:lossJ': , • -- :•■■. :'!: 'The jATTOENEY r GENEp.Iv ; iiv- reply-!. / ~ihg,: . remarked < that;.this.'-was-iiot'the" Bill :!!■ under; whichisnoh-an /amendment•;as-Mr;, '..'L!oJve,sng!{C3iert':Cahould-.:be maidc.-'., 'Such, /./an;amendment:;', to ~make!jan-;association!. :.-! such./as./Lloyd's!, liable-, to'contribute./in :>the/Vshape": of '•,'■ /taxationi;/ ; towards :'■■■ fire !;,. brigades 1 : and-'.lncpraVi tax/ahoiild i find; .'a. ,-.". pla'ce, ; under, the;'lEand.'and Income Tax :; Assessment''.'-Actftj o'fv-;uhderv'''the •■''Piro .-..-, -Brigades'.;Act..?v: ! ',The.'present!'Bill: only! '-.. ;. provided:. ;that : v! panies,, should-.not; be !Mmpahies : of 1 straw.. .','To':inake,;.associat.ions,.:6f 'r.'"tribnte':to.the,revenue ; in\respect of pio- ,'•."•; fits ,they earned ?ih! New-Zealand !waa ono- .: of tho'most difficult/problems''which con- ■ ":■■ fronted; .aay/'draughtlm-an'/of'law.;',Many! ; , of. the/companies ion/iheirA'busi-: ■ . : ,iieyVthrough';th'e'.p'osti : 'nhdhad^^ : to ,: ■ in.-/ New "'Zealandr,- It iwiuh a /difficulty -too .; : -. great' ■ to, V be- surmounted,; tven\, if . there ; WOT...a : .call for/.lsgislatiT^^Mrrterforence, ; ../although -he; had;.-Mt' ; Blpdied; : the ? matter : . irafficiehtl,t.',tb!'Say/thi&|/necessity~existed. -!:The,;younit,:man-referredJ;to.by/-Mr. Jen- '. ,-kinson-,hM-.insniid!.^liim6e]f'against-total Joss'-'i'bf' sight',,-: aiid ; '-the. wholo':;questibn ; ■■-. before' the /Court ,'of, 'Appeal, turned an T th« I ./ Btribt'. meaning/of- the words.; ./It -was a ■-. : hard case,, ; and /one. in. which- "generous -■^treatment /might'./easily havo.-'/been ;ac- ! , V corded./by; -the:/company^'v ; - '«ver,;specific-;words"jwore.. used in.a.policy ~"the";Court':,could';hot.!go' behind them.., ../ In',thes9' : case3. pno,-had/to' trust ! to; tho -'.:. fairness- of ■ the!;, companies/- •-. 'Prom ■ his ■ ex-' ,-'. ;perichce "the insurance companies in New ;.'" Zealand"Vtreated /people /generously. v/A's ,: to the i fire/ companies, the /whole basis. of ,'; the;!: contract' .-was \' indemnity, -and' r a .pphbme such/as/.Mr.'Jenkinson. -proposed :■■ would .be -a -temptation,/ to ,-. downright . .rascality. He .thought.■ the; present Jaw -wasiperfeetly - satisfactory..; '■...■' .'-■'.-.• .-; ;.Th'e /second'.reading of the/ Bill was! v•'•■ agreed'to.''and the Committee^stages.will ; be ; taken,to-<3ayi ■■:'.:.','■'? '/:;!:!/..; / / ':,,;■;. PUBLIC DEBT/EXtINCTION.'; /■-.- In '■'moving the -,second reading of the •Public Debt-Extinction' Bill,''/'- ••;.■ -The ■ ATTOENEY-GENBRAL' rcmarked.v that- the: Bill.' ,was. ■an ':,;at:'tempi; to -systematise and ■ make 'uniform existing, and 'proposed [methods' of -sinking fund to pay ,o£E'the ■ public:"debt. //In loutHmnc the; Bill, Dr. Pindlay remarked that tho cardinal purpbse'of; the Bill was to_ wipe'ouf tho-'public: debt in revehty : five yfiars:. ' The soundhessof the ! scheme depended .largely on the soundness .. of the investments made. 'The settler's farm. ■-'} : and/the-worker's' home were, he' thought, securities about which " nobwly could cavil at all. The Bill/also' provided for the extinction of future loans, which would be wiped out :in something/ like ■ : :seventy-fivo years "from/the date of their -creation./ Any. scheme - that aimed at extinguishing the public debt along these lines was worthy of the best consideration. - (Hoar, hear.) It waa a gieat improvement on- present haphazard methods. , The Bill was a genuine at- , tempt to make the/present generation , bear ■ their share, and make thone who ' 'came after 'also, bear '/a share. ' (Hear. ' hear.)! '/: ; ' .-'■"v'-' ;'■•-

The Hon.7/R. SINCLAIR' (Otago) . cordihlly-- supported the Bill. Ho thought the scheme outlined" was sound and safe' in' principle. ; The Bill itself had been able to'answer aU the criticism directed ■ftt'it... : ;"■..•.-•::•- ':':■■; • : ■.

/-Tho Hon.,J.; EIGG (Wellington),questioned . whether it' would not be found inac bnp.: debt had to bo extinguished only -, to- create: another one., .He. thought more had been far too miieh borrowing in the Dominion. It did not appear to have- struck "■ those who controlled the ilestlriiea. of New. Zealand- to do .without borrowing at aU;..;They.should,set about 'gaining this end-in/''the 1 , 1 same way. as. a business/man Avduld- : set/ about. meeting' a/debt,.,viz.,.;-by. studying .economy, not Indulging in:extravagance, . seeking . io increase the rbvehue arid investing' money, go/that-H would be reproductive. '■'.'.--■ l-The/debate was adjourned on the motion of the Hon;' R./ A; : Loughnan, / and Ihe Council rote at d.SO. p.m.