ADVANCES TO SETTLERS.

North Otago Times, Volume XXXVII, Issue 8166, 22 April 1895, Page 1

ADVANCES TO SETTLERS.

Mr Mnssoy, member for Wnilematn, in addressing his constituents, si>oko of the advances to settlers.

HKill KATLS OK INTKRKST. Mr Ward had told thorn, in introducing the Bill, that settlors wero paying as high as JO and 12 percent, on freehold security and in the- future he would see they got money fit much lesa per cent. When Mr Ward said this, ho merely wanted a plea for his Bill. They nil knew that interest had fallen of lute yoars. At the present timo money could lie raised on mortgage at sto i')h per cent, He (Mr Massoy) held that," money could bo obtained on good Becurity at as low a rate of 'interest aa that for which tho Government wore to lond il. Tho conditions enforced by tho Government wore also peculiar. A man must mortgage his farm for a period of li(i\ years. As ona momber had 10niarkod in tho House. " Anyone eflectmg ft niortgago on his property would probably go down to his grave a niortgagod man."

A OnXEKAL ERItOIt. People tliought thoy could borrow under tho cheap roonoy scheme for any period. >Such was not tho case, as the Government insisted upon the full period of 3(>i yours. Tho anniul payment would have to bo LO per year for ovory LlOO, which wiw charged on tho total amount borrowed until tho laat instalment was made. And if a man got behind 14 days his property could bo takon for tho principal and interest owing.

Sho — 'Is kissing proper? 1 He — Let's put our heads together, and consider.' Probably a man never fcols ho small ns when his wife comes and says : 4 My dear, Johnny can't weu your cHst-off clothes any more. They aro too littlo for him " Mr John Davidson, the poet who was coming, who has como, and whom ovoryono is proclaiming a greater than Keats, an equal to Itjsetti, acd 60 on, is a sensible, pleasant, munly Scotchman, somewhere between the ages 35 and 40, who givos himself no airs, and U neither Hurpnsed, nor rovorse— at awakening to find himself famoua. At a reception in Paris, a travoller, ; who was a strong ' Ami Semitic,' was talking *i h Rothschild on the beauties of the island of Tahiti, and sarcastically remarked, * Thero aro neithor hogs or Jews thero !' ' Indeed V retorted Kotliß' child ' Thou you and I should go there together. Wo bhould. bo great curiosities.' \