WELLINGTON NOTES.

Hokitika Guardian, 11 June 1924, Page 1

WELLINGTON NOTES.

I’EBH’ATHETTC I'OMTICIAXS.

(Special to “Guardian”.)

AYELiTJNGTON. June 0

There is considerable amount of comment in tho city respecting the remarkable amount of travelling that is being done by Ministers of tlie Crown just now. TTete we are within about, throe week- e.f the opening of the session and as far as Ministers are enmernod Wellington i- merely a place for a brief sojourn. Jr is doubtful v.hether'Mr Massey lias spent four consecutive weeks in Wellington since hi.s return from the Tnirerial Conference, and the -peed with which he laces from one end of the Dominion to the other reminds of his lightning ;ripx during the last election. Other Med-teis hav" been travelling about j,i l'j,-,-1-c as ib,e l’rimo Minister ,-o,| i; i- tip; atom that departmental

business outside of Wellington has <lev, I- . I in a remarkable degree dur- ,![..* ins', three months. The J.ilitoo ate peranihututing i.lie. country. bill they make no secret of the tact that they are on a political campaign. Ministers are campaigning also, but with them departmental business is excuse enough to take them to any p ,int of the compass at any old time. Will legislation sud'er through these Ministerial tours, or is it intended to t ,!-.... important legislation through tbe Bouse in the dying hours of the session r Till-: MORATORIUM. S.O.S. signals regarding the exjiiration of the moratorium are being sent no frrelv now . and one wonders wltetber tbe moratorium will exj ire at tlie end of the year. Air It. Masters ALB., speaking at Palmerston North recently said that as the Advnines Dejiartment i mild not take up the mortgages Pilling in under the moratminm. it would lie -uieidal In lilt the llioiatoiiTlie matter was referred to by Mr j i). Ij; 1 11. the letting pre.-id-nt of the < aiitei bnrv Ftiriteis' Cnion. in his pie-ide:iti:d addre-s. and the meeting. lie: ided t . ask the Government to set up a tribunal to consider eases ol hardship on niorlgago s on the expiiv of (lie nioratoriiim. Mr I'Yank ColI,of Morrisville. writing to a Wellington paper in support of an Agricultural Bm.nk say-: “Eaimers simply cane.et money t > renew their morte.,,,os. . . If the farmers cannot

eheaji and sull'mient finance this D 'million is going t" sulfer a gieatei di-aster than it ha- ever helore had

~, |;u-e." Boiled down the position :ipjiears to he that those mortgagors <nvrr, ,| !,v the moratorium are unable to • oi-rov. from others to repay the pre--eat moltgngees. This ts so unusual

state of aliens that in the opinion of business men here it should he the .sti.'ieei of a very close investigation. It would la- wrong io say that money js scarce, for mm has merely to look ; ,j Die operations on the stock exchange .: ,j Iloaiil of <!' belli ures by local !., ~T i. ■s. io real I V t i ibcre is no real ... .ri:t\ oi i:i"U: y. in the past niort|u.,.j|,,!,| i. ..ad :i.• i" s were reI ;, s gilr-odjed iio'esinieiiis. ami lending rate was usually very r.-asoiialilv. Nov there i- a s"aroity , ■ M „,n..y for stieh I:n est aarnts. or m ~,,1 it tn ii- projer light. t"iii'lr::i'j,s .i mn-t he a rean ior thri. Wi!AT I-' THE REASON : opt. ~ I. li:,. Di" po.-'ll iet! ol 1..,!,",, . ...e |iin 1 lh.it wo il. nUlltiill, latnh j .shuts were ne'er so high in .. t quarter oi a cent try as they . . 'I ' ~ v t., . f'tnirii" emi'nin--1•-m’l ! "i j.-ieg ." 1 '“I i'"l “f . I 'o'. ~ | vd ;’: d o! is : ; . ;1 , ive that, ami the |... |, j, !.;, j - vi rv mnoli ! d .-.'a-, ill Ih" t re-v.ar peri. !. !■'• - a : s '. I" S' S' ' 'kb.'. ... j , I," s' " ,"i fr: ." . shim'll ; ; •,•,«. an- t«hi • j,.,. ;; Dm r 0.-aloriu:" :- lifted many , 11 1 | ;, • ! r. cl l" walk "!l ■ I;.!. :. .Vs ai d ill'll the "oeliij.loved.. , u jj,,! „ r • ... • inelit qi!"sli!i)is." I . D-- i r. ■ -::i ■ i -hi "n the f '«!* “f - on ihe oapital'Kt.'. ? V;! , I. "!.'," nnt:ev i-'c nie , !' the G»v- . •;... .. ,v a ii.'so■ arat"d cm! the l''in-,di'eu-ive. mortgage lax was . |,t . 1 natCm . apitali't. .... j ... the o ini- li that the ..j. , j, ra a v to sicken Di,. "s < i.'or th" emrigage lo -i- ---.„ : pitit 1 has the SC-.,died ... !. an : ' "I'.ih'e f •!• the inilat- . ' va'i ■ - The l I'otlMe exjteriI,- a,, ,1- I'm: .'- who bave ,' , .'•. •in i" . ~ft;, i •; ' .. (....-. 1 ; I'-l ell very -j 1,., j. tp.-i. .. a n! a tlm selmnm is D- V Ul.tr;. o.nimii-. Th • mat- ,. . ;n I'm.! it s nliiiim".''.' -VI! ... . I. ■ !„. It’-x ■or the country.