PARLIAMENTARY NOTES.

Hokitika Guardian, 23 June 1923, Page 1

PARLIAMENTARY NOTES.

C()XSER VAT] V E YALUERS. Mr Parry: These are only first mortgages. Air Massey: We cannot take second mortgages. The State only deals in first-class securities. There was another important provision in the Bill lie thought- he was justified in introducing. At present a settler could only borrow up to three-fifths of the value of bis security. Under the Bill there was tt provision to increase (30 per cent, to 75 per cent, which would meet quite a. number of settlers. Air Wilford: It won’t be effective link's.- you change the methods of the Yaluation Department. Mr Massey replied that it was difficult for him to say that the Valuation Department was too conservative. Air AYilford: They cut down their own valuations by 25 per cent, before they send them to the State Advances. Mr Massey said he could not agree with that statement. The Department had iteon acting in the interest of the State. Il the margin was raised from CO to 75 per cent, he thought it would meet tho difficulty regarding valuation. Air Wilford: I do not think so.

WORKERS’ HOMES. Mr Alassev said another provision was in reward to workers’ homes, which fur ninny people was the most important of all. He considered it important., too. At present a loan might he granted a man for a home up to 7b per cent, of the value of the buildins'. Hon ,1. A. Hunan: Land and building. Mr Massey: No. I am speaking ot the Advanees to Workers’ Art. I think I ought to know ft. because T proposed it in tlie first instance in this i louse. Continuing, Mr Massey said a man must timl a section, then the State would advance him 7b per cent, oil the value of the building. Mr M’lCeon (Wellington South) : And 7b per rent, of the equity he has in the land. Mr M nssev said his proposal was that the section and the building would both count, the proposal being to advance <)b per cent, on the sum of the two. “A tremendous improvement." added the l’riine Minister. Mr Wilford: That is the same proposition as Mr Theodore’s. Premier <d Queensland. Mr Massey: 1 know lioLliing about lil- proposal. I am not an admirer of Mr Theodore. Air Sullivan: The feeling is probably mutual. .Mr Massey said that if a man was of good diameter he would have no tlilliLiilty in getting !)b per cent, if he found, the remaining b per <flit. A Labour member: When will it collie int; forcer .Mr Alas-oy: If you pass it this week I u ill guarantee it will runic into uprl at ion the n eel; alter. The - send- into law the better. M,- Almore: At hat is the limit of income , J Air Massey: £'M) tiith £'_’b for emit child. I)!•:LKX( 'L ANN<)l’NC'KM KNT. Air i’arr dealt with naval defence, and said lie believed the Minister of Kiname would asl; the Huu-e to vote almost double the present vote to the Navy. The speaker believed that it would be sound policy that £1(!!).IM!R id the total should lie (dieted to the British Government to aid it in its work in establishing the base at Singapore. Incidentally Air I’arr added that H..AI.S. Chatham would, shortly be replaced by an oil-burning vessel. New Zealand would never make war. hut might be called upon to defend herself against foreign attack. AA e would bo criminally negligent if we did not send a representative to deal with the question of the defence nf the l’aeilie. Reverting to Singaimre, ilie Minister said lie thought- our' strongest policy was. to have'our own units here, and in tune o| war they would link up- with and form part of the British Navy for attack or defence-