THE REFORM PARTY

Dominion, Volume 5, Issue 1470, 19 June 1912, Page 4

THE REFORM PARTY

ENTHUSIASTIC MELTING.

SPEECHES BY MR MASSFY, MR FISHCR AN>) OTHERS

Tin:.XMNTIfV^FIKANCIi,

1 ■ My 1 ' '"'■■: i'^Helensvillo,'.. , J<i'ne;. iy. ot i (he; initclin^,:;iUiircasd;: i licio.;.ln!it,fi ; ™niiig::by; : ?\&^iif;K:?nvS i sy;.Ar.P;fiilioadcr, of,.tW; lEuthcnii^^S^iii-e-ilijeiir^iovcr^Mjy?^! 1 '': , ; .la*riics^!jtfwarl.\((:liuirimiiv,io[ ; (lie :Bo!ir(l)-*".;nicr(;. v svoRv ( i>lbo : iprc6ciit , ;'JIeisrsi , i.1;,. ;l! ;,.B I'ti (Uicvrtijiu-iu be i-:|Jor*;.'Auckl;uid for:i* . Waile-■ ;ii)nln)ifjnnd'.'J.; : ;t!K--L'Mtcs..,!,.(m«ub'crxfor , '

.;;'.;;Jlrj;^X!a=sc}^Vas\»w«lcoined , ; , .to"'He!<ji\sJs,v. :, v ;. ijyillcr'by-Mv.iCo'alPs-'imil oil'? 1 rising ■was->-" :■'■' ■ ;;. Mr!? , ■'.■,■ '-.'fiiMat's'e.vJrucknb'wledgetl'Hhp welcome* au<l\l;;% ?*' ■ : i , if-Erref!>brii , fl.v..lo.;,i]ic..progress. andproo ii; * '..■•■' ?psril.v-:-6l' ; lluviJi.->trk-1.-r:;-,li«. Saul that i' : ''■ J\yasSt!iercVimori!(!!f !lmt;lh& people might; , 3>i ; ■■■'■.■ ib'k'cnableil'il&li'car'.bolirsidcs of.-, the poli-:* ; .:-ftv : ' ' I ticaP:'qiu:slioifHJ , rooceding, s - Uint£Jfi?; uwhcn'llicnew,..:.U<>vernment. conic intopow-S'^Y , ' .'.ei'jtlie: .Miiiisier.-icum plained (hat (hoy were?,? £.*;','. ' overworked-.,-: and relief, but. tlie?>jJ ; K: ■'.' ■ : mamicrj!n,whicli? they, had ■ilho. v couulry.; : . tlid not 'argue an uwrivhi'liti-?;! ■;?,;# ■ in;,'? pressure. , ;of : - JJepitrlmeut'.il";.' business.; in . tlio.iltouse;when (ho no-*?* / i.coiihdeiK'Oj.motion.wns'.iiioved at the lust \ > ■ ■;;.. {session i off Parliament;' .What' hp desired'- ■■■;■; to ompliaUse whs that the Prime Minister.- ■'.■.■•/?;■■? \\\\\o< had , , spoken:--here : -eo -recently; lind **s>:V. never ]>ut.forward iiny-'policy. 'I'lie party %£"'< '■■ .which. lind. piit ; t'he. ]ioii.,.Tho?;''MaekenzMs4;*-£v ■'at:--,its;l!cad-.l!aii,. unanimously approved y-V^-v,'- 1 ' ;tho'..)iuiioy, 'outlined in Iho Guvenior's:SJ.?::',s: 'Speech.!of thcishort session, but be had■ ;|;. .j;V : % ;J notiuade'any : vefsreisce in his £])eechcs to ■.■:■■v^ /■, 'that..policy;■.; One of; tho principal (jurs-' '.' /;;,;~ : ■tiynsi.l)=fovo'-.the.country at tlic i'.!i. : scntv.',.--. ; ":k Uimoi-'was'the country's finance, , and this/.-'iiiri , ;. , /(iuesiion lie desired to with as px- : .. Vi'-S- * : jluuu-itivcly- as possible, - ' with special r«-.'■■?;■,;-...; ift-rciice to , the four million loan recently.-i-l-.' ..■ flimitml. , '• TJio'longer- the terra cf a loau : 3 ctho-bettei" for. the.country, but the' tcrniA;-'.- -,- -. : Af tho lntebt;ioan'-.-was :mly two jears.yj, ; ,-, 'i'i'lio rate, of interest, was three nml a \>a)H : .;?:/:? : :, :'])cr;'coiit;i but when the charges for 'ilprwril'ing and discount, teing spread 'iixterin of only, tiro years, were added, ihie^Ai;- , '-: would: rnisn. )t..to more than four per.;;';; : =.:■:.■: 'con!:.-..' The locli , would.cost, n't least one-;./:'.;:..;■'.■■" ■half'per tent, moro titan if it liad lxrcn:; , .:?: "X/., ■ reasonably mnnased, while the fystem • of^.i^' , ;, ■debentm-c-i iipou which it hail«*^: : ?;: i'bpcn raised \vas .thoroughly unsound. .Oiie^jj.,: , : ■of .the greatest difficulties which he andjl.-Ar,. , his colleagues. had to face was tlic ditii-::^"-;' ■cultv.:of obtaining information rceardnig;-a.: J ,..'' 'the VaisiiiK of these loans., 'this point he ■:„ illustrated by reference to the more ■;■ loans which, had been floated in London. ,-f x To borrow-, was a paramount necessary, ;?v o;;; : ,:j but what,was essential was.to go to tno London market at the right time ami raito.^;.•■;.,, ;tho loau in the. right way,otherwise in?V ■ . creased taxation would be >n«vi l iol«,.ai 'would; bring depression in its tiain.;. ; . ■..£■■>: Touching:upon tho land question, he sa d,.,: that his two guiding principles bad aln »>•*.'■. :■, been closer ■ settlement and y-cßnty--. OLr... : ■tenure, «»d for these ho f stood, l^.:/.^ Wl always'upon the poorest man.v.w w ~ , ; -, nipslia tnrnis with the whi'e man.>. ■. \ :•■* ■.. :^f -, v -. ■.■■ '; Vii'K M «. I'ifl'er, in opMiinp.-dealt;:;-. ? veh'd tiw "otsibiiity ~.]•,..,... Proceeding, « e ' 0 , 1,c1 . K, .v : ....' I .'?v:. th" bowing question, ■•!■?•» Kaiicnl elements in the party, an l^; : - 'of vlodinkro.ts would 1» fouud on o*s^ Yn H furlhrr of the 0 position platform wcro \l %l<r< Bradncy and Harris, the-for-f.^ ?c I,- critici«ing the construction and , "uid'ofhc present Cabinet, the γ^m hvowin'' out a straight uulictmriit of. tho.. »;■.; 'ccwcv\hich had been inauitamcd;..! o- : .,,.,;,

*W&;iM:< younp.--M.P-; wili.tWiveva -political Ham iirc-scnt. ten ;'■ I his. ocf-nsion. •. ■:■■. ■ *;s£?*£ .'i--