PARLIAMENT

Hawke's Bay Tribune, Volume XVII, 26 November 1927, Page 5

PARLIAMENT

HOUSE OF REPRESENTATIVES THIS MORNING'S SITTING INSURANCE DEPOSITS BIU* (Per Press Association). Parlt, Buildings, Nov. 26. The House of Representatives met at 10.30. Replying to the Hon. D. Buddo (Kaiapoi). the Premier said he would be glad to look into the question of Third Party insurance in the case of motor ear accidents. Sir -Maui Poiuare moved the adoption of further clauses to the Local Legislation Bill which clauses, ho said, had all been asked for and to which there was no objection. Thu clauses were agreed to. • The Hon. F. J. Rolleston moved the second reading of the Insurance Companies Deposits Amendment Bill He said there was nothing unfair or unfriendly in tire bill towards Lloyds They welcomed Lloyds or any other firm that would give the people * cheaper insurance. All they stipulated was that any firm coming in to do business in New Zealand must compete on fair terms apd provide security to the public by lodging the required deposit with the Government. This arrangement did not i» any wav affect marine insurance. The matter had been most carefully considered with the interested parties and it was to avoid any suggestion of undue haste that the bill had bran brought down so late i n the session. STATE MONOPOLY WANTED. The Leader of the Opposition said that nothing could excuse bringing down such an important bill so l«u m the session. Instead of such a measure admitting the right of competition, the Minister should have been introducing a bill making insurance a State monopoly, r He understood that Lloyds was not objecting to pay a deposit of £20,000 but they did object to have to pay it five times over to cover each of tbeir agents. The Minister: They have not been asked to do that. Mr. Holland said B that were so the working of the bill would have to be altered. In any case, a deposit was not the remedy what we wapiwd was a State monopoly. The Hon, W. Nosworthy maintained that the State Fire Insurance Department was not in n combine >u any way. If agreements were made the other companies had to cotne tc the State and agree to what t’n> state wanted. dictated the terms and was not dictated to. Air. D G Sullivan (Avon) wanted to know why, if Lloyds could nff->r such good terms to the public, the State Fire Office could not do an u well. Mr. M . D. Lysnar (Gisborne) Wus satisfied with the MinistW'a introducing speech but he did not think the bill carried out assurances given by him regarding Lloyds, which should be dealt with in special lngi«. lation. At -1 o'clock Sir Joseph Ward moved the adjournment of the defeatn which was agreed to. By Goveritor-tteneral's message r.n» Supplementary Estimates wer. brought.down. NO FURTHER LEGISLATION THIS SESSION. The Prime Minister said in reply to the Leader of the Opuposition tit's t except' the I' inance and Appropriation Bills there would be no further legislate* brought down this session. Un Monday lie proposed tn take the bill now before the House am! t.h e pleimnitary Estimates The House rose m 110 u ui until 2.30 p.m. on Monday