NAURU PURCHASE.
BENEFIT TO NEW ZEALAND. CHEAPER PHOSPHATES. By Telegraph.—Press Assn.—Copyright, Eeeeived July 21, 8 p.m. London, July 20. In the House of Commons, on the report stage of the Nauru Agreement Bill, the Government made no attempt to reverse the standing committee's decision to make the ratification of the agreement subject to article 22 of the covenant of the League of Nations. On the third reading, Coihmandeis Dawes (Coalition-Liberal member for Soutlnvark) declared that the Government ought to have bought the company's shares in the open market. He failed to see how we were going to get six per cent, on the money. It ought not go forth that we were profiting largely under the guise of the mandate.
Lieutenant Mosly (Coalition-Unionist member for Harrow) thought tjie Government made a bad bargain, although someone made a lot of money out of the transaction.
Colonel Wilson, for the Government, quoted figures showing tha<; Australia would benefit to the extent of 14s a ton on phosphates, and New Zealand would benefit even more.
The Bill was read a third time by 110 votes to 31.—Reuter Service.
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Taranaki Daily News, 22 July 1920, Page 5
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185NAURU PURCHASE. Taranaki Daily News, 22 July 1920, Page 5
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