High Rates of Mortgage-Interest Reduced.

The original proposal, that the Government should assist in, and share the profit of, raising loans to lift existing mortgages, has gradually been adopted, in forms more or less original, by numerous candidates for Parliamentary honours. Mr John Holmes said, when criticising the Financial Statement, that the Government should have assisted farmers, and at Springfield, page 5 Mr C. Fraser spoke strongly in its favour. Captain Tosswill, Mr Ivess, Mr Sutter and several others have promised their support to a Bill having for its object the lowering of the prevailing rate of mortgage-interest. I must refer you to the printed letters on the subject for fuller information as to the general scope of my proposals, which are now only briefly alluded to for the purpose of stating my firm conviction that a