Workers' Homes.

Taranaki Daily News, Volume XLVII, Issue 7905, 22 August 1905, Page 2

Workers' Homes.

Bill Before Parllameirf. Work era' Homes Bill was in traduced mto the House on Friday aw SS? 018 meSSage ' and rmd The Kill provides the* t&e Govern- ' ' f ° r » purposes of the Act f" y under the T...J for Settlements "Act, and on lati-d th« Minister may have erectwi Z s m £ B su ! table workers' dweli- &' nt mOl - 0 n one aci\) of a „ a ' a maximum cost of £300:. fh"/ i j building is to be leased by 1 Board for a period of fiftv y«u- s wi t h r%ht of f ch a tels B (must satisfy, in oth , Wt h ° is .«■ "worker words, "a|iiy a< jult p<. rSo _ u\l Zfw !i iro u' r ren ' allcl manual lroi k -, lm d that 'he is landies*. JeabX ' *<• be at the rate of 5 per con/b. pec annum on tho capital value (4 Jet cent, for rent and 1 per cent, for div. Pfaaation), in aWftion to the cost of insuring the dwelling from flro at its full insurable valuu Another condition of the lease is to be a covenant on the part of the lessee to ro. side in antt maintain the building' in good order R nd condition to th* satisfaction of tho liuid Board. Tho lessee may aqquire the freehold of the dwelling Iby one of the three following methods:—( a ) B y„ payment 4 a caMi of the Capital value within twenty-five years, in which c a se the payments are to bo at tho rate ot ' ! ,er p° nt - Pet! annum, in addition ta file insurance; (b t ) payment of capital value by monthly payments extending over a period (at the option of the lessee)' of 32 0 r 41 years, in which case tho payments will |fe til the rate of 7 per cent. ; pcr ai>num on the capital value, i n addition to the cost of insurance (c) by aii) insuranoe on his life in the Op. vemment Insurance. Office, at a prflk iniiHii sufficient to produce at the ex- . piration of the tonn, or on his deatfr before expirj r , the amount insured. When the full amount of the aipltal value has been: paid tho lessee will receive a certificate of title. The owner of the dwelling mus.ti a t all times reside therein, under (tcnalty of dispossession, and the Consent of the I.<ind Board will be necessary before the lease or freehold can bo disposed of. The Hill also provides that the management of .wiorkers' dwellings may bo vested iii the locjal authority, AH pione.vs received unWer the Act are to go into the Public Arctount 3 the Governor in Council is empowered to make regulations, and a return of the money expended and tho dwellings erects is to be Itftf befoVc Parliament every session. I'ETONE X'UOI'EIWY PURCHASED (IV* Press Association.) j WELLINGTON, Aug. 21. The Government has acquired Mr Cole's property of fifteen ' acreß rift. Potonc lur workmen's home. The Urice paid is £9OOO.