NOTES OF THE DAY.

Dominion, Volume 5, Issue 1467, 15 June 1912, Page 4

NOTES OF THE DAY.

In the May number o.f thp F-inan-; cial Review 'of Review's.. IMrb £s. an- , excellent article- dealing with ;iSp;yernment Depar|mental.:exfcravagah;c3. This is a question, ■jyhiqh most "NoW Zealanders njha think sit All have como to realise as , 'a vcryimpprtahfe one for this. iTjie; 'Writer, in emphasising, the? need fb.r a, cbn tinuoua searchl.ighs. upon. thp. ■.operations/ of tho 'p.ejja'r.tineh.fe; cpritraUts the Governments wjijh , thii! methods tha'fi ;ftre cssfentiffl i'g Success in a great. c:Om.me..rcial ccniceTii.. It is true of Britain., {is <>l ,K(W Zealand, that .ficQ.iiohiy lin.d. :BiMiclqnco iu public nxnn.nc!ifcui:e a.pb "nobady's business," aiul wofsiv tßiih business, sinci , ,. .in- Sft.w Zffaiancl'nt auyrate, "spojlsr". pCi'rities .liilve ■oijeratecl actively,jliJavDiir of thr.iltlijssness, with the rtsulJl; oi. what life called, as in ■future years. U will b.e, called in anger and tonte.iiipt, "Wurdisfc finance , . 3 ' 'Z]ns.. pasaago froiii the ■.irticlc ia the

i Jtkvicil) is even more poijrnati.tiy trueof New S&afa-ird timn of Jlritein = —

Tluo (sovprtt.mpivt's al.'tjtuiip fowarilfl-,. ftivniico iii:. rtjceiit years lias tejuioil to storiijfflwn 1.116 feeling, pf npa.t.liy -njnl iii.iSli&rijnca \Vl]iifli rtro ever too nitirkcil (11 piijilic niliccs. By sim'.iltahcp.iiS.ly n : l)ri(lfe r i».? ojipnirtiiniti.es , bf t&jbato ;fl.iv. tn«. KMiiuiiic.s 811x1 cFi-iltiurfj ineW l'ialiilitiMy Jlhdsti'fs liffvp. ijf)|jpni*cl tosl.W* tlrnftl.i-Sy inly, very .tigliily U'i.o. iiec.cs'iiiy wlijch . ia. lii'diijjji't 'liomc to o.y(!i:y iiiilividlfiil iii 'liis tloino.itic iiflaii-a- of' ina'tiiiß btit'li. ends. ini^t : . !Js!iP lliovitSilJle qonsoriMPjioo is fi'.jvt I.)iil>liovTiAbiiities rtro ino(Hitiii(f lip- by iciijiS itnd bo.unfls, iißt only iiv rogaril to tiiQ fro.sii lcgfeljition,. Wif , ns t<) , tliio oldcF sources of exuciUHture.

Tiro recenb d.cejsipri of. t-h'q Bi:i.fts'li .GpS'e.rrii.vie.nt to take a first stop, towards Eefbrm by iscj/tittg tip: an Esr tlinrvtcp Goinniittep: is tfwdoncb that ftll parties , , at Boms realise the ,, liPsitio.ii. As wiS have ;oftcn_ shown , ', tiio- case in Nc.w .Z.ealancl is; eriijfnib,.!|sly wPrso tha.rt in Britain, 'to'iit xi.itti 1 : 'test ■fie.cpni.b'e.r tj.ierd: was. nothing :bnt. ftbiiso from the, ''Liberals'' for those Now Zealand, critics, w'np. steadily preachad 'the gospel of" &'•: nancial .re.forrri.

One good ■rc ,, aurtirr-a,n:d the ibstter b.e.ca'iise :it has , % hiimbrous-.ajder-of tho breiknip &i tho did. "LitjcYali." ma.chihe,. is .the appparanbo , of.something; lik.e ■pandoiir , iii scvcral.'Eitlicr--■to , /fiercely.' ,p,-i.r.t.isaii , ".Lib , ei:.a , .l:" , .joiii l -' nalsi'. of l.hese .iiapers,. itbV be sui:e,. hrtKe-been: itnablc- t'ff .escape 1 iro'nj , thqir did habit, of ■.mcclianicril' .cheers: for their: owft men ia.ii'd .ecjuallj-: Irrie'i cJiahicaPcurspl for :the fltlicrs; Sucfe a ioric is; ; |hat jpiinmiiwbjicb; }Ir, lj\yiiz:-{soij'S. thing , .;b.ut matter,.for praise:; : The \l3rtn : pdiiv .■iSfa'rv ; %■ qinia ■candid. , . Tho ■■.speecljy it saijeiy "-Vyiaa-,''dnir-,".;de3p,itpits ity. ! .:" ;l ! h& Siar:, also . .cbmplaiiiect .Shai'pjy of. tli ?;_ .Minister's neglpct. 'pf .his. ji)rqperduti'es,...arid. hi's- '■■running.: ■ahqut'the .coiiritr-y , ;in desjiferatS : nipoclj: as.it segmsi vaking- ;up ; ;coiiiirqyi ers.iesi and. , t , ry,m'g ,, tp. , raise :: factitioua , . issues |pir4he : - .ccinsidijratiQi^'ipf^aiv , ;:lia'men,fc ! " Then; M|p\yg ; 'thi , a;, I Bfnßi.b.iei : ' rebuke-.: . • '• " ■/; "

If .16 can..star's-,,an.'occasional;. Omi-'. ■ftom , !the .deli.tibua:-..dcl}g;h i ts-,,bfia£ini>raTyi , . ifightinjff-jf ■'■iii , 'the;,, still.'.'eniaU-''■hours ipf , '. L splier.;;mg(litatip'u, 'luCean .reflect'upon/' -pa- : {cine; as. .well w.-militant:'teraptatipri^vfc , ■,coiinsel ; lii.m ■ to- try: \p j>e. lc^'^u'sceplable-" , ■to criticism., : o. J til' ..especially ■ io} ''criticism'. oi- liis . journalistic.' ■■advise. ; h'iin ! fe : abstaiii\ ifrom.-imlulgniEf;"in:' .Vylint; ive .pan. Biily l to; VjTqS, Waiid" andi.so. , fort.li;; .it :iaCbacV: ..form, frpsa'-ori^/ipoint;'.of'fteivyr'arid; "i)w: ,'Minisfcer ■ f qr;'>Eabour/,niay/ take our;'word" : tliat; '"tjio: -)vprlan£-glasses: Hα ],hpt:' iplisli , ': ■it; ..from another.-, point of. : yicffV : : . ''''■' ~,;

What ':a, good, people- rniiist.'ijc; :tMrilcing 'a&ptify iju'st : no'vf 'is :.tHb.' pi-pi, sont'; "s.jtii.i.e of: raihd/ : .of' thqsQ',.:H6nest■supporters- ;*>£: ■'■'Libibralisni'" , . wjjja : ]iayij' 'b'eeii. 'papers, ft' TegaVd;ji. .''Eiberal/^leSdpr , ' a;s tho. (?mbsciiment.:o| ; .nil. :that : J:\ii ' : op,qs. How' : -tllei'r : -licada,. (must•-boi'-whirling.:] . . '",',-" '' : ~*'l'\

! --.quip : stipii:. -'of-'V'-Ji ;'Bucces&r ; td;Siß ; ;^iLiiiAM Jones-: MsvJEtigb -Gdmniissipneri .yfffiiaf *wvla: ■pry Isuvprism^/^tatemcnfi''"•irii : Hio> .'6.fthp; ; ■■by. ; ;§iK.:AKLi;iAM''HAr J ! j?branl|icpnt;inu^- : iii^tlie ; 'pfficp; ; ancl; ■ ■ ; tp:(i|i(3' : siibjec|i' ~> When''' ~;B,iX, aji . .HAtthJoNEs: ;ref\isbd; ,: t6: 'M- longer;made- a..do of, 'the/ "'rnajtqr; in&gi : ns^ ;: ' jSeeing^fowoyeri; that. tljß • ::niec!t ; :wiihin.:;a /fortnight's; 'the'';ngM;t]iingv;'ioj.;lcayy'iliS;matter-;-6.VQr. "tot. the^horfc; ; f;ime'Mnteryeriingf ;-If o ione;:: aiphow.-!' I'Highi :Gp'^rnis^onorshjp^is;.:';bei.rig?usecl^a : s' the.^polifcical/fgame^that- , .is' : : bßuig-;p!ayecl\; tirade' ■•■GommisS l^iqnSship.::thli;intereste : ytryyari* .as: a ; !i ondary ;cpnsidpra(;iqn'\to ;par.fcy* heeef: |^itie's ; :aiiai)QKqnal^ : l;:ar.e| : ;memßers;;qf ■t.h| : i : ''Eibera.l": L ;partj;' I';np?,doubt :p%lic;/:aTe,;tKq:rgug : J thei/cp'ijdiict -efj :the,:leadera¥bfiSthef .'■ti&xijg. .-''bUl. ■superjpr ies ; qf[parjijf Pexgfeksi i pmro.|Mr.;displeasurai.' , 'iSeji :i parliament: ■ hi 'Been.; ''".:. '■':.■'■■ ''■'.''*■ '',X%i.*'£' r ', -,j. ." : "'/

■.. Ths. ;i^^;;^ ; tj; : lojanOis' ■■gu,ote'd;Vat>'t«ns.shi r .lings discount ashlar'f ■t'a;'.'p'u.iS.«oredi6i ..but;.- it iof-:eburse:;wilt "noV iran?actibn : :sc>-. ijir' is. .ppn&rned.; ;have\<tor'bear 'thiM ':Iq% the bonds, at. .tiie.i/.piiice''- ; no'v^o^'ptccn : i ■DM '■£'$ me ; -MiNisiE v'ws-flfljfe/isSai Kndirig' '.ithb-,' ; loan, ■: ,pti" -*tlieJj grpuncr that '.no;, ones'. : .'cpu'ffi teetter iia'.ttiii cirpunW' ;s|aiiceS;. ;Eerhaps ig.: not inclined; to JMacpenzie; 3lijiisi;ivjf . ; ih, fc : matfc6r,:" UjE ■ co.\irsei. assuming: ;tliat '.tjib'fmpney ■^β: ■' iaf^irgehtly , secml : tp Jtmfy. ■be'en'- the -case. 'Tlj&.-.blamb'-.lieg'-'.at -■tfoipr. , 61. /'tDiti : MAc^ENziE-^ ? -; ; prp ■ decesspr ; in \office'■'"■ ; -ilie. ■'■.β-f .-rianciiil- ..'situritipn..'w r hi.ch.. -was : left'. : wjtH^ : .lt-| h- noting . thai: '"■£s£■. JSseph,; -\yAR.p. ;is. as ; .}mcand.i'd- ; 'jig "fiyAF^irt.fani l ; whicfc 'he; -gayg 'ithefh toeKfpap'fcr^on , : ;su.b/j^Rt>"-.of th'o Ipah. 'Dealing' ■'with'. ttei.Biiggei,- ■ .tipii vthat. thq Ipa'tf i£piis.' pqr qen;iif ! .the i^%»p^. ruiis;°/',SiK' vlpiSEirtt WiVnp :saidijtlie / s:abira.,;st[pjviicl : "tiiQiirnie ■interpst::ta:btf.£3:U(J3; : .9t(V psx otit.' 1 ..Arii, He; ;a.dcled.'-■ that-, ■'.Sanxiet.v , to dejsi:e.c.i'atß the ■.cb.uniry' , s ':flriancial; .position' -resiil|gs 'in. ;:fail-- ; lire -to' drasi- : th'e- .Jin'e; : : ; rji:fe .pf ■ : iii;te.'i'<;;st a.ncl, disppurit'an'ti: uhdfir^Hpingf;.:and : ;. np ; L/'sane ' man' wftujd said' that no ; .cbiihtry; ■syflrld ;exceiptB.ritain (and- eve.n Brititih. wi'dp'r' eX-< isting circumstanpes'. npt. h'p/ excegted); coiald: float a ;lpiin,>withput prbvidifig for discpiiiit , iind; :iiiid6^: writing^ ' ■ The. jpiirp;pse..ibehiiid' iihjs: ! rliodbirtan'taiiie'_ is "of' .epurse'. t& inakc' the, public .tel.ipTO tliat th'o. jdari Was flbatfeci at -a. :ppst pf .£3: ;lOsi ijs, pp'r . qc.nt .'and -.that the discount:..and \\h-r derwriting. .posts aiid- of-: ithe-.-laan -g.eherally wprij: -quiW the'. . ofdinitry thing. .m : a mst.ter pf ,f.aci : of coiirae a.s '.has bee); shown %y: thp ■ English ,p"Ffiss CQiiimentSi aa" Well ks by tljfcse.bf thte :N£w Zeiilaucl press, ■ -tlko c ; b)iditiQn3.' : b"'f.tho loan worg.'.qiiitQ. ■■■e.xcieptiphnl:, It d.'o.qs not miittoi , - . whijthe.r the tafe' 'of ; inter,ost; is'f .per ■ -cent, or -3 j .per c.ent:, or , 4: per cen'tpp.r a.nil.unv, ff the- .cbnditi.bna pf t.ipn lii'ing Widths ■total cost over tlip w.iiplc tci'in of .the. loan to h per .cent po:i' :P..nrn(in. To tjuo.tci tlie 'ihtei'p^t : c;iinrgp ■ind , . ignore tlm p.tlie.r edsis : wbiiltf ifiofdy sorve tp dncciiya |;h« ignofiuit and; iiflthijrking, What thu ' Kn\v Zuaraftci pitbljc {(tr coiicdriiexl 'xi'ch, is not wb.ii.t the ■iiiiawsl ckarr/e ' is, iiut what :ttijfi tc/i.ai iinhual r/(a>://te, ' which they wiUfhave: to jiiiy forthb usp. pf ; the ,nip:i;py, yorks out at.,, apd tba'b' is sbnicthing like 5 Ver cent, li j>. (iititfl in ■kcppuifj *■'% ■tl'-i ■o.da ■jj.ui-B.uod 'by , ' S'.»'- Joski'ii Waed

for B'p .l.fing thftt ho. Elio.ul,(l.;enSeavbu;r, to. confuse tho iss.u:cs _iii.•cohrieption. i •with this loan, transa'ctibn. -Flip facts, bo.w.ev.e.r, ■unfipr'tiinalfily for him, iiri) ■much t<3.o. plain aiitl. lio-only makes: , his ■ ■own position. wor.Bd by -Ins- very P.byiouV and cln.rasy. attempts: to .ob- : scute thorn , ..