A BILL KILLED

Hokitika Guardian, 29 August 1930, Page 2

A BILL KILLED

A SEQUEL. WELLINGTON, August 27. There was an interesting sequel In the House to-night to the killing’ in committee of the Bank of New Zealand Act Amendment Bill, sponsored by Mr Langstone (Wnimarino). It had been pointed out in the debate that Mr Langstone had been fortunate in getting his measure as far, as the committee stage,' and although the defeat of the Bill was regarded as a foregone conclusion, the short title was rejected by a margin of only'twelve votes, several United members voting with the Labour Party’against Reform and the remainder of the Government group; Reporting to the House later on another measure that had gone through committee, Mr Bodkin, chairman oi committees, gave no indication as to what had happened to Mr Langstone's Bill, and this prompted Mr Howard (Christchurch South) to rise to a point of order.

“What has happened to the other Bill?” he asked. “You have not had any report, about that.” Mr Speaker: I am afraid the Hon member is asking me a question I cannot'answer. lam not supposed to know what take places in committee. “It was washed overbonrd,” said Mr Contes', leader of the Opposition.

hlii defence of the House and yourself, sir,’! said Mr Howard, rising to a further pojnt of order, “I demand that the committee shall, report what has been done in. committee,’ *

Mr Speaker.': No report is given' if a Bill is thrown out. “But this Bill was not thrown out,” remonstrated Mr M’Combs (Lyttelton).

Mr Speaker: Do I understand that the short title of tlie Bill was defeated? Members: Yes.

Mr Speaker: I have .ruled on a previous occasion that if (lie short title is defeated that means the end. of the Bill. '

“It was submarined,” observed Mr Coates.

sued during the yoar. Mortgages and intalments of principal repaid for the year amounted to £51,997 3s. The amount of interest collected was £126,185 15s 9d. GRANTS TO WORKERS. In a report on the Advances to Workers Branch it is pointed out that during the year the State Advances Board had authorised 4239 advances amounting to £3,555,220, The following statement shows the amount authorised in each provincial district: Amount Provincial , Number of of advances District, Applications, authorised.

The commitments in respect of loans granted and not paid over in whole or in part at March 31st. 1930, amounted to £777,070. The net profits for the year amounted to £9587 14s 4d. The cost of management was £9324, being 0.064 per cent., or Is 3d per £IOO of the capital employed. Although in a number of cases workers who had become unemployed had been unable to pay their . instalments, in general the payment of instalments by workers had been well maintained and was considered satisfactory, the percentage of arrears to the funds outstanding at the close of the year being only 0.809 per cent. Mortgages and instalments of principal repaid for the year amounted to £514,685 15s 7d. The amount of interest collected was £609,979,12s lid. Two leasehold and 158 freehold securities were realised by the department during the year. • Since the commencement of the Advances to Workers Act in 1906 the department had advanced to workers the sum of £19,470,872. The losses during that period amounted to £ll,434 19s 4d or Is 2d in every £IOO of the money advanced.

Auckland .... 1282 1,031,135 Taranaki 50,460 Hawke’s Bay . 86 . 63,190 Wellington ..... ., 1758 1,611,345 Marlborough ... 57 37,655 Nelson 63 46,825 Westland 61 35,420 Canterbury .. 588 462,550 Otago ... 138 107,950 Southland ....... ... 141 108,680 Totals ... ... 4239 £3,555,220