£50,000,000 Loan Suggested
-Press Assn.-
EMPIRE MIGRATION Non-Govjernmental Control Body Favoured CREDIT FACILITIES
(By Telegraph-
-Copyright.)
(Eeeeived 13, 10.50 a.m.) LONDON, Oct. 12. A loan oi' £50,000,000 for Empire settlement was urged at the Empire migration conferenee at the Gaildkall by Sir Jokn Wardlaw-Milne. He dealt with tke econoinics of migration. Speakers at tke conferenee favoured tke establiskment of an independent corporation, untnaminelled by the Government, for the administration of suck vast financial resources. Sir Jokn Wardlaw-Milne suggested tke formation of a full-time autkority, backed by a Government loan, working in tke Dominions, kaving power to sanction capital loans for approved schemes, and also controlling annual grants-in-aid on tke present basis of £1,500,000 under tke Empire Settlement Act. The board should also not be bound in its allocations by tke Dominiqns' contributiona. Tke conferenee passed a resolution in favour of tke early xesumption of migration, urging tke Britisk Government to call a conferenee of the Dominions and also to establisk a nonGovernmental statutory aiithority to control migration ahd extend credit fiacilities.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 17, 13 October 1937, Page 5
Word Count
171£50,000,000 Loan Suggested Hawke's Bay Herald-Tribune, Volume 81, Issue 17, 13 October 1937, Page 5
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