MORE MONEY.

Taranaki Daily News, Volume LVII, Issue 128, 23 October 1914, Page 4

MORE MONEY.

MNBTHR l/X*SElva THI PORS* STRINGS. LiOLBAHED ADVAiYOIB TO WOBJtHRS A.YD tiiTHIUSHS. By Telegraph.—Per Press Association. IWelliagtoij last, Night I« th* House uf ltepreaentatives tkis afteTaooo, like Minister of Finance said k» CeBini to inform- the House that it hau Ibeem decided to increaso ,vhe amounts advanced for workers' home* and to BJttler B from £390 to £W». Th 0 reason for the increase win that there waa a good deal of complaint ox unimnloyment amongst carpenturs, and he (hoped, >tlbat the builuiiiff trade would reoeive an impetus from, a more pietuiiut t>upply of money. The local authorities branch vrun in a different Dosition. It was not it, paying branch, providing only intca\wt and sinking fund 1 on loane, wheireas there was a prodit on tho other loans. It Iliad, ■however, 'been decided to relax the stringency which prevails wk>h regard to advances to local bodiia. The miaou for Uhis was that tie Minister for Public 'Works had represented that there were many £ for £ granbi on the Public Works Intimates whichi local Ibodies would not be able to avail thetiw i. ot unless Obey could get loans. It was pro-' posed to kind each 4ocal body .up to £IOOO, 'but it was not posKiWe to do more at present. He was satisfied -lie would be able to 'keep the public works going because of the etron," position of tike- finances of the Advances UJiice. He was in constant communication wilfh'tihe High Comrnissione, and could say that there was mo cliance at present of raising a stock or debenture loan in London. All tiat he could do waa to raise money for iimimodiat'e requirements by means of Treasure Bills. Fortunately he had already passed legislation enabling him to do this, otherwise they would have been compelled to pasH a hurried measure. Ho was, howcrwr, determined to jceep a strong'ftwuico, and he ihoped the increases made would help to aat'sfy the needs of the people.

Hon. Allen further stated what rumors that the people of Tonga were in a starving condition were greatly exaggtirated. The position was not serious, there being ample food for tho ipeeplc.