PARLIAMENT

Hokitika Guardian, 29 April 1932, Page 5

PARLIAMENT

COUNCIL’S SITTING. DEBATE IN HOUSE. (By TtUgraph—Ter Press Association) WELLINGTON, April 29. In the Legislative Council yesterday the Local Elections! and Polls Amendment Bill was put through all /stages and passed. The Council rose till Monday. The House of Representatives completed the Committee stage of the National Expenditure Adjustment Bill. A number or additional amendments were introduced by Governor-General's message including one empowering the Minister of Finance to refund ten per cent, stamp duty in cases where the income of the holder of securities does not exceed £IOO sterling annually. Mr Poison moved an amendment with a view to enabling interest rrJ dilution to be applied a"y monies ad\vaneed by any Manic, whether on demand or on fixed loan. i.Mr Forbes said fixed loan-’ came nnd'“r the Mill as did all fixed charges. The only exemption was in rospeer ot monies on demand. Nothing would undenniene the -taldity of the country more quirklv than if flm Government interfered with llie Hanks. The amendment was defeated by 41 to 29. All amendments introduced by Governor’s general’s message were adopted. The .Mill \ as then reported to the J-fraise. Tim third reading will be y. taken to-day. The House rose tit l a.in.