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LAND FOR SOLDIERS.

THE BILL DISCUSSED. "UNSEEMLY HASTE" DEPRECATED. By Telegraph.—Press Association. Wellington, Yesterday. After the telegraph oilices closed, the debate on the. Discharged Soldiers' Settlement Loans Bill was continued by Mr. J. Anstey, who complained of the unseemly haste with which such an important measure was being rushed through. He severely criticised many nf the land purchases and the general administration of laws so far as soldiers were concerned, and strongly opposed raising the loans free of income-tax. Mr. Holland followed with a protest against the insane practise of holding late sittings with the result that the House was half empty, members being neither physically nor mentally fit to transact the business 1 before the House. Criticising the method of raising loans provided in the Bill he contended that it was entirely in the interests of a few financiers, and if a committee from Porirua was placed in charge of our finances they-could not act more foolishly. He advocated the establishment of a State bank to ease the finances of the country.

Mr. Fraser followed on the lines of Mr. Holland's speech, and at 3.30 Sir James Allen replied.

He denied that the Government was short of money. There was plenty of money, but they were short of authority to spend money. The urgency of the Bill was that every source from which money could be obtained for soldiers' settlements was exhausted and there were applications amounting to £900,000 waiting to be satisfied; therefore the Bill must be passed at once. He was not hound by the provision that the loan should be raised free of income-tax, a.° that provision was optional. He was calling for a report on the loans already raised free of income-tax, but his impression was that no great number of tax-payers profited by that system, and he asked the House to leave the matter in the hands of the Government by accepting the Bill as it stood. The Bill was read a second time on the voices. hi the committee stage, Mr. McCombs moved an amendment to clause 5, which, if carried, would have prevented the loan being raised free of income-tax. Mr. 3'lassey appealed to the committee to reject the amendment as the money market was in an unsatisfactory condition, and the Government must have means of raising money' on the best terms possible. If it was- not advisable to raise the money free of taxation it would not be so raised, but the money must be found. At 5.15 a division was taken, when the amendment was lost by 21 to 17, and the Bill reported without amendment. The Bill was read a third time and passed. The House rose at 5.22, till 7.30 this evening.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19190905.2.53

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 5 September 1919, Page 6

Word count
Tapeke kupu
454

LAND FOR SOLDIERS. Taranaki Daily News, 5 September 1919, Page 6

LAND FOR SOLDIERS. Taranaki Daily News, 5 September 1919, Page 6

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