POLITICAL NEWS AND NOTES

Taranaki Daily News, Volume LIII, Issue 137, 19 September 1910, Page 7

POLITICAL NEWS AND NOTES

CONFUSED FINANCE.

Mr. Dive, Opposition member for ' Egmont, tabled a question to the Prim | Minister last week asking if it were not illegal to publish the seventh clause on the debenture form of the New Zealand State Guaranteed Advances Office, which reads as follows: "The holder of this debenture has no claim in respect thereof upon the Government or public revenue of New Zealand." But there is no repudiation a « e r an, the Prime Minister's answer being: The honorable gentleman appears to have confused the debentures issued bj the local authority, in which the words quoted appear, with the debentures issued by the Department for loans raised for investment. Clause 19 of the Act does not govern the issue or wording of the debentures to which reference is ] made The honorable member is confusing money lent by the Department with money naised iby it." OUR IRON DEPOSITS.

'Mr. J. P. Luke, who asked for a number of particulars regarding the Dominion's iron deposits, other than iron-sand, and what is being done to develop them, has been asked to move for a return to lay before Parliament next Session. In the meantime all available data will foe compiled and submitted.