Parliament

Taranaki Daily News, Volume LVI, Issue 90, 11 September 1914, Page 4

Parliament

HOUSE OF PJ'IPRXSEXTATIVIK. THURSDAY, SEPTUMER 10. Per Press Asociation. Wellington, 'hunt Night. The Mortgages lOxtens on Act Amend menb Bill was introdw cd by Govern or's Message. Tin; AUo;if.-v.GencTal ex plained that the .first Act Rinsed hud ne suited in locking up money. The amend ing measure provided frir persons to contract themselves out o: the principu | Act, and enabled trustees to advance money. j Considerable di.-s«ussion followed, and in the course of hi s reply Km. Herdinan 1 pointed out -that many poor people ha 1 money in savings 'banks and building societies. These .depositors woutd nob be able to withdraw their money unless such banks and societies had the, power to collect their moneys. ■ Assistance to sawmillers who had 'i-ntored into contracts to cut timber before the war would be considered.

On further discussion in committee Mr. Russell suggested an Amendment which had for its purpose the preven tion of .shareholders in a building so- 1 ciety taking advantage of section G of the principal Act. The Minister a.-ked Ami the amendment !be held over for the present. Tli3 amendment was defeated. ' " ; Speaking upon the third reading, the Postmaster-CVneral stated that the' Post OA'ice savings bank returns Siad.l returned to normal. In August the withdrawals bad been abnormal, but since then deposits bad come in, but before making definite statements 9ib ■wanted to see the returns won the 14th in st. Mr. Msu=spy endorsed the, remarks of the Postmaster-Genera'. There was a fear that the Trade and Commerce Act would hamper trade, and he thought that New Zealand woii'.d get through thr present crisis without any hardships. After further discission, tlie Bill jpasscd. all stages. A long discussion took place, upon, the report of the Native Coinimittee with regard to the ownership of some native land in the Cook Mauds. The report was referned: back to the eormmittee. After reports of special committees were received, the House rose at 11.50 p.m.