WORKERS' HOMES

Taihape Daily Times, Volume 7, Issue 111, 13 January 1915, Page 3

WORKERS' HOMES

THE PRIME MINISTER DEPUTATION i SED, MORE MONEY VVAE'I ED. By Teiegrar-b ---' pv - :i w • -w ■ \VELI JNQTOiT fan.; 9, A deputation re ; wcm?mwg bulking, architects and owner.-.; of id; iimbw country waited cn the Drinm Minister iC-day. It was urged that ay Glare should come to ihe rescue 0! the men who wanted to build and find the necessary meney so as 10 prevent . mills being obliged to close do win which had happened in some cases partially and some whoßy. 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 cheap money and plenty of it.” In replying, Mr. Massey said ho hardly thought the public understood ] what the Government was doing in the matter of supplying money.. He knew the war had a serious effect .on the timber industry, but the Government had done everything possible to meet the difficulty that bad arisen. The Advances to Workers Act tv as in full operation to-day, and £4OO was being j ulvancecl in*each case where sufficient security was provided. As to the Advances to Settlers, the Ccverirwe.uf was actually giving preference to those who wanted to borrow money for the purpose of building, lie did not knew what mere could be done As '■o the suggested issue cf paper money for this purpose, it would only mean the issue cf so many promissory notes, which would have the worst possible effect on the credit of the Dominion and might, cause a serious Gll anc 1 depression. When the money market was- suitable the CSo v eminent would take care that an additional supply cf money was brought info the country for the purposes required.