NEW ZEALAND LOASS.

Hokitika Guardian, 4 March 1924, Page 3

NEW ZEALAND LOASS.

M R LMAS.REI 'S AIfIfA NG EM ENTS. APPROVAL Pi ! PI.LESS DECISION[n v tee eg it a i-11 --run cues:, a.ssoi ia i ion.] WELLINGTON, March 4. Hon. AY. F. Massey stated yesterday that ho had made arrangements tor a renewal of the loans maturing during 1D24, lor the balance of the current financial year ended March IBs.. , While not pro|.arod to state the rate of interest, Mr Massev said he was v,.| v pleased with the arrange mo li t he had liee.n aide to make and lie believed file country would be satisfied. “I anticipate no difficulty in renewing hams falling due. fur the calendar year.” said Mr Massey. Amounts tolulling £30,867,313 will fall due during in,- three years ending March 31st. ; 11)20. This total does not include small loiiii,- falling due m Australia amounting to £15,500. For the tiiiee years following 1925-20 financial year, maturing loans amount to only £1,4.781,350 hut during the next three years loans totalling £31,143,098 will fall due, of which £30.091.523 are due in lioiidou. The aggregate of loi’iis falling due to the end of 1929-30 financial years is £83.791,707. Mi Massey stated yesterday that he dm not disguise the ) leasure ho felt at the findings of the Imperial Wireless Committee, thar while allowing free competition, the State should own and operate all Empire wireless stations in Biitain. Mr .Massey said he had been an anient advocate for State Control at the Impel iai Economic Conference. When the question of Empire Wireless

collies to lie under the eontrol of diflerent countries of the Empire, i think we shall he able to make a satisfactory arrangement between ihe different countries lor that purpose. I expressed this opinion at the Conference and have not wavered from it. Mr Massey added that lie appreeiat e,l the statement of the Chairman of tile Imperial Wireless Committee (Mr Robert Donald) that they had taken tlir only means of securing immediate anion, ami the Dominions desires. He was at one also with Professor Eerie?, a member of the Committee, that {state Control of Empire services was the first for the preservation of the Empire.