THREE-MILLION LOAN.

Taranaki Daily News, Volume LVII, Issue 132, 28 October 1914, Page 5

THREE-MILLION LOAN.

AID TO PURL!O WORKS AND LAXIJL-ffl am'LKMKvr. _ ."M COUKIIirS FINANCIAL PoSlTioH'''3 DEBATED. '-fIM A OF ARMS. '^M Ry Telegraph. IVr Press Association." Wellington, Last Night. t i) m In the Houv* of Mepiwcntativei Ifr'i&M night, the Hon Jas. All. n, Minister of-&jg| Finanee, mnvj i'he <viond r lding tlii Aid to Pubic Woik-. and MtldfiSl Settlement Bill, Vthieh gave power 10.-lS raise a loan of th.Tc millions. Hs"&ll pointed out u l '.)! the eon-tnution of Ule. 'fjj Parliainen aiy B'iihJim«i. telegraph tension, and other work-, tended 't<x'«ffiß Bring about an inct.a.ee in the vote law, J ear. The Government was not now''j|| nellm? laud for rw-U end utilisirp the'„''ffi •apital for ie\uni'. It fold also dona--v3 owav with th" practise of lv-lmilding ill public building wit of loan ruonev, had >l| iacked up ihc siijewiiiuut'on fiiid and *'S in.vle other p'w --i ,n-, in th- direction* yg of sound finance, which, if rot put into operation, would l.ave Mt them with a' .-'d mirplus of - '" •' ■posed to ri'se all the ironc.v 'n i ne year,' , "■ *j but 'li'< flovcnre-Mit "" = 'V 'enimiod to '. ■:• Irak" roads Hie productivity of the cmi'itr'. H« '. ij l i\n,s advised lint (he o>l •«■>'-"• to ««* ' •"' »ionev was lr» Tr.asu'''- VfUU, .kit hft :> iii loped 1o fret moirv before,lon'/. ITJie. ''~ Government, hid Trt> lr r» dist ; n<-fc .promise to d""rei«p What A . thev had promi-M \va= to "attempt'' to" „-~J reduce horro'C'iif, ),.ii i n fl iv ~pP O Cb«y had fulfilled 'h > liTemi*" to reduce fcof- '"': rowin" Oi ntwriff. 'Hon A'lpti eon- ,y{ tended thn f (!)•>•-> lmd h">en nn inorpiw V** 5n tnxnt'on. ew eni in the liml and i»- ';■ jj •omc tax and death d'nlie* -■£ "A DELUSION AND A SNARE." ■'< | Sir Joscjh Wrrd said hj» had lcanunl U|g something now from the Minister's' Vijp speech, viz. that when lh-> general \'A .revenue fell, the more ih" Government \,H should lwnrow. T( \ws i strung* 'lieory 'M for a Min's'er wlo wa=. suopor'ed represent «ounl fin\ce. He ridiculed V-Sj the sngsrestidn that ther-. had Ven no -%l increase iiv ii yl \ i'on. and o-'oted fitnires ".(V from the OfTieial Y«r V.-rM to that taction h-d ir,rrea=ed liv fis 2d PM.jSjS head. Ho wns nlnnisli"! to v ear tile Minuter adm" tint h hid n'TMtrtv it drami upon the vsarloan to the extent fSO.OOO to imfc.> ill) the V I'h'ie Workg '*', •' Fliml. He d"el.red th >t th« s'at«- \ 1 went made hv Hi ARe.i -'nt the Kw I'•■ proposals were h -5 thin fir tV similar period of the fireiions CoT^mment-,'C'.'S waa no'lliinc Rhort'of qnofel the loin lull- intif , "ped to snJ>. 'l* stant'flte his 'iwirecnt He con-, 1 ' tended that ihr. crmnirisnii of rite of A\ intovest w.io nil u f-ivo-ir of ***■> LWnl. ■ •Gowrnmcnt. It was imT>o»sihV to b» m t Bafi--fied with 'he ov.vr,.»ii„ r , , W n ),; worhs l n ik" ''ri-M^'- TT «-m*»i cut that ti'" '" * '-v e 0 »- ;% strueti-i "•.»' W» rnodfl f!77i7"«\\ivle '•• ,1, i-'M^ag"'*.;. were m V« n -" " " - ■ r :n>'V«. How would <he\r •."••'■■'"—' nf *hl ";,S IwelWorV, i'l;. to "o l--'"' I l ' '' *'m- {■■:! triets with 'IV, st-'onu,-'" ml!- \ ture nn"') t ! 'f lii'd Moi 1 - <<ii t "i" rail- -.t ways win t>' luoimi <* Hiiito amo'iit wa< 3>f'r™ •<"t 'i->cn Mg puhlie lviiliTpno v [;(§ Hon. Afnosev ninimnd i 1 ' l '" "i-«rii ijj Of Hie Mm' =Vr of Fin-i- '"'01 fail to alinw t l '- ""' ""< "o I ™-, i'f trv was in <• oound fini.«-'-l rnsit ; "x. *;» >Te eliilh-ncel Hie nri"« ; * nn to •■■ar .',-S where (he Ge"..i-'inien' hi"' '"cr"ised ih» v » enstonr. taTn* : oTi ATr OW. retell si'M I l '- V—-hns nf . ; ihe Premier »ii<l Ihe of Piimncf Jsf impressed h ; m -n dei'h hed for ''"' Hie state in wh'eh thev wre leavin; tH« ,-' conn trv upon Ihe eve of 11 eleetion. , ' .' He quoted fro-n. Budgets vvl 'he Tteform j Party nhitfo'i" to ehov t'-t t'>ere hnd ''.' I.een no attermt to denl with local "oveminent reform. The ; -ni : =trv ha.f pone haek on its platform, hid gon« ' ■ back on itsiplodsres and hid frone back on its own T>nd<j"ts.

Mr Myers twilled the ProvernmewS . wiilili failing to r-iliiec ho'rowing ae- > cording to it= yWw at last ('lectio*. Equally had thev fa'lc.l to keep tacit promise to reduce expenditure. Ther v • had not dealt, , llYelivel.v with the impo'r- ' * tant of ' vn planning, TCdue*" ', lion of customs on merchants packing j eases, and had not assisted the working - ■ wan. • '; Hon. Eraser said it wis no use blinking the fact that when the ftovommnfc' \,_ «arrie into office rior.-ev was hard to ob- . ii tain, and, recognising' tho fact, li-> wm not going to spend money lavishly on- . • public works and so compel the treasurer ' '' to go to London and borrow w«ipy on '-- the lenders' terms. That was why h* bad slowed down public worl.<, but ri -- was wronrr to «a\- that he stoppai thoM» '. works altogether.

Mr McDonald paid he did not complain '' • st file amount n«l«>d for tl>» doveloßment of the cminfiv. What he did CO».-„, plain at was the criticism of the present ■" Oovernracnt before they owno info',.' o|T ! cc, when thev denounced tli* oxnea- '-''A dihire of th,- Lilkthl fiovemment chtr- • r *< aeterisintr it as r.<ckle«s and wasteful. *A __At MS am. th« T[ m ,c„ „ Vr | i„'v ''i * -ommrttee on the Hill, vhkln ws, r«- " '■■ ported witho.it amendment read a Miirl i lime, and passed. < Messrs Sidor. Ell. pn-l P :l a,e carrirj ' an the debate to 1 a.m. -

C ..'-Si TO CUBE LVWUKSTIO.V, ..J dyspepsia ami stomach trouble, it i. - «MM»y ta take after meals sum! I "*" ''l less preparation which w?j \ , r ?" '■ naturaj di g e S t,cv C M a ri h j"h PPy * W ■" weak stomach lacks. And the w '"*' * paration of this characters dT'sC' l 3 | where P Obta.nable ererj. An exchange remihH i,„ ' **«* appoawd in £ « '""aSTAph , " died ten w, "> - W?"»al I* Matin ]" ff il, m V» '< European war win w. ' 190,: A .i< WW G~y' w b K °7. in l °l3 or \* »ot howevorbefL TlhJZ ST™*"** •> *rated into th e Wof vt *"* '"™ : '' »^hty man Ut„ r l°tL Thorn . "cross the Rhine' Th«. nj " ,n,,)a(, < ' ; *o the root, and "?' m "&*l ' •" all. The "reat wl? •?, V™ 1 * f(, °* b- < fiifferiiiff. from *w* v n<l ? ,:!n P"«t ■- ?o)and will «*»*t • ;. <-oaeh yosterday ca» „J US J' *"-\i cnr VealeU? o r^ r