NO BORROWING IN UNITED STATES

Sun (Auckland), Volume 1, Issue 114, 4 August 1927, Page 10

NO BORROWING IN UNITED STATES

NEW ZEALAND LOANS MONEY FOR STATE ADVANCES (THE SUN’S Parliamentary Reporter.) WELLINGTON, Wednesday. A suggestion that the should consider the advisability raising a lean for State Advances Pju ‘ poses on the American market * made recently by Mr. D. G. member for Avon, who askea 1 Minister of Finance his attitude the question. t 0 The Min ster has replied that w 1 the present Australian issues init*® (which had been mentioned by * Sullivan) had demonstrated that dc rowing there does not compare ia - ' ably with London conditions as price and :;erms. In reply to Mr. F. X. Bartram, mew ber for Grey Lynn, the Minister " Finance said that the granting ot loans under the State Advances rested entirely with the State vances Board, and no decision been made that the Department to make no further loans in the 1523 Amending Act. Mr. Bara*"j had asked if such a decision had made, and if not, why were loans being granted in these_j^e£B2iL^r=^^ of ground to work. This wouWJ® able them to occupy their tim« dening in fine weather, and £» ve k* an interest in life. They would willing, also, to cut their own .j* wood. Apparently complaints listened to but not remedied. R • ne . that there is a lack of sympathy * where and that insufficient ano been made to brighten the lot o old soldiers in the Veterans’ Horn • AX OLD SOLDI