TIMBER INDUSTRY.

Stratford Evening Post, Volume XXV, Issue 7, 9 January 1915, Page 6

TIMBER INDUSTRY.

“CHEAPER -MONEY AND PLENTY - 'tJOFrlt.”. ~ ~ • PBflM AMPOIATION.] ■ ' .Wellington, January 9. A deputation, Representing builders, architects, and owners of timber in the country .waited on the -Prime'Minister to-flay. It was urged that the State should come to the rescue of. the men who wanted to build, and find the sacy moneyj solas to prevent sawmills being obliged, to yloso.down, which had -happened iff- some casesn®aj;tially f and in some wholly. One of the speakers said that the difficulty was? .that building loans granted by the Government were either too small or too long delayed, and-the-result-was that many small builders/ were idle, “What we want,” he added, “is cheaper money and plenty of it.” In replying, Mr Massey said he hardlj|jthpught the public -understood what t||i Governmenet was doing in the mat. -tCr of supplying money. He knew the ;war had had a serious effect on the timber industry, but the Government had done everything possible to meet the- difficulty-,that, had arisen. The Advances to Workers’ Act was in full and £4OOO. was bejng admicid;in:.each case,where sufficient ■,secnwty i;^fßß M -pTOvided. As to. the advances to settlers, the Government was actually giving preference to those borrow money for the purpose of budding.. He did not know what more could be done. As to th of paper money for the only mean the issue ofc *iC4u»ny ’promissory notes, which WQultlrdiavfthe worst possible effect on the credit of the Dominion, and might a serions financial'depressiom ; *’When the money market ■ was Government would take cafbK-tMiJb an additional supply of money Wits brought into the country for ~the purposes required.