NOTES OF THE DAY.

Dominion, Volume 5, Issue 1476, 26 June 1912, Page 4

NOTES OF THE DAY.

The brief cablfe-messagcHn^O;jclJiy!s--paper relating'tSftfifedisp'osali.pf;:;th(S,J3ritish surplus q'fi6i,"milliqnsis , ijvpll-: worthy of attentiqnjii4New?Zealand; : s In Britain the a : im ; df/th(ijGhancellor« of the Exchequer:'liastalwaysAd'enij-iri; practice, and stilliilsVinipritfciple^to:: avoid surpluses'|as!;ianxiously;\asscle-; ficits—since a big^u'rplusfmeanswer.^ taxation. It was'also, untiMeceiiHyli a sacred rule that' no atteriipt'shdulct be made to vary ■th3;.long : establishM; arrangement that.surpiuse ; s;.mup: : ' : gq; towards the reductiqn;i: i qf: :^ho: :. ; ;' ; J<;a^ tional Debt. Since: heiJookqffice-M^;, Lloyd-George hasoaused.nvuch: ! .iinx-: .•iety to p_rudent :,; peqpJe;x6h::bbtloi4P ;^ of politics, by lns'raids.qri ; ;thaisihkv ing funds arid'his;'rnclinaliiqn^toi-i place the financing of,crazy;now;ppli : ;: cies before the'.continuousxljq'uida;'' tipn of the debtJ. ! / .British'ppiniqns9: Liberal and Conservativsikippiiiion;; alike—is, however,*rso.^firmj ;^jir--.t.h'&'' main, on the brqader^jDrinciples^pfj British Government;finance:thait;irß/' Lloyd-Geoege lias'-'nqt":'.been';iibl^' : :i;b':; do much harm^.During^pril>^n : &; last month It #asj*fearid;»;tlia^:li«:. would devote Vthe^surpluiufo'&nyh thing but debt'. ; re'ductiqiiSyTf)slags , ; cable message .iridicatest?that;.gpuivd; -ideas have i)revailed;.yh£SiQO9.OP9' , . pf; the surplus is toJgbaowarils-deb'tir^p duction, -and £l^OQO,pOd^!;b^ards(vtKie> Supplementary y; NayaK'Estimat;esi jt'tfNew Zealand, : Hyar'distjfiii : ance , , , . ;^lias.. , consistently tre'atedS4urplus^Saa{ proofs of clover^firianciingi'j-'and/ibas:: carried the surpluses- V;cqnjimiousty : forward. In a : i;>letteß:. tty^dve ; ; .;MJay number of thoWiiiqnciaKKfiuliiijj. r/f

Reviews, Me. mittcdly one of.litHq'igrcatest/anthpri; ties on public finaiiceJ;;'criii.cisocl;i]jß. :,

to poiufc his ci : uudesirablc end<;Vtliafeijiyoillcl; '';follow; ■ the British Mr. Bowles £nowsishbffiing;:vvprofe : ably, of Sir JosEp|;;^yAßp':':o'v;;^e^v; ,: Zealand, but In^les.cMp.li^r' results of is. in essentials ariSa^eur;],|3 ; ;desgiuptiQii:: of the evils of , tual working.:?iTliiej systqnV of Britain, ho;fpOTnfs:;:pnj;y. '?liaS;'.lieen hitherto one 6fH)ik : siysctest; annuglity, and that fpr;|he:.iV(3i;^;:s:implp:-Tea-so'n that Uiis^<i|oijl' ! fo;: Parliament conißlete .Eb'nirpJ,'"; ; .over : our finances.":v; :, His.:-togiimsa.t. ..is-sp. important ancl-Styiking: iisAa flesevye extended quotation'..:; '■' '■ : :.' . ' ..

Our accounts ajfe.'.'stri'itly.-.-casfi, ■a'e.counfcv strictly beginiiijis- uii<l.iQ'iijy.iig:.;>vitlv".-Hift! year, Vithojit a'uy.'Jjal.ipcoKvlj.v&iigli'fc' ipr^' , ward on April .I- tf-capied.; fijpijii'r'jl." inv tho next succeeding ,, : Ji§itelv.V. r >t ■'Tlife.Ms; the very core, the Vprv: >iijii:ifliv: o!: fW. system which ?e;cuvcs .llarliiinioiylary fpu.-. , ti-01, aud withcmi:( iliii .mXintcn'anc.o'of which thai' control ~m;jst.; lnt-vitaliijy .l;h lost. And it is tb;f.e:ciirc. this: iliO't-.(HI' 'la.w prescribe? that .it'th&-gQ'd;.o'f ■bp;cli- ; j:<!i(p. , i(ll , unexpended btiliiucbVf-;n'ro! jo lift> urrcindoiicili by the Departirieijfe'.uii'd .riSpiied'. To' : .aini-. inulioii of Hie. jJSaljoiViiL. Uyift. ■ IVprcv ft othenvi.se, the D'ppavtmeii.ts; i^iis*:eacl; , ;d"f■■'■b< v -. inj; curbed in their.'xvijimatcft. 'w.pjijd' 'Jjo encouraged to exifgErer'ate,'Hi(;ffi:. .'ill; ■prclet. that the Chancellor : ''6!j' "We. Exchocijiel , might pouch i'pr liis own pin-poses; , . Ute. Chancellor of thp ~ iifsteii'tl pt. being tho guar(UaWflt\ th<> ■ jiu'plic l pi.ii'.scN would be its pliijiilei-ei- , ; ihsteail; -of- 'JjSi'n'g , constrained to ; : !rug:i!it'yj,. Svojiid ..bo.' ii'iir co'uvaged to extraVagaiieA AVtffe it' : .pfi\&"wisc, the accoijiitS: .jear: WfluUi'bc: inextricably mixed; with ■tHe. accoisiius pi' tlio uoxt year. "Were; it. oi.hfii-wit.e . ■, =

tiic extraction from -thjr pot'lc.efsoi : thq. ta-Xr payer of an iuincc.i;.s?ai'y;Si,N:^pj'-£y8 i ji: irj'ftlifc' or'ton, iiiillionsyyoiilcS cpmo. to.ljp rcK.ajd'. Ed as n crowning; tpiinjnh .gf ffliiajict." Mil. GIDSON itb.W'LES c.Xitotly, without kriciwipft- it:;tjifi Ijad torn that has iJl'p.Vffifc.d in KqW %?&■ land, ' ." :

The mail bri'ngs. : .«s '.the t.oxt g-£ J.Fiu Churchill's ■..strikni.g , 4BiU'w to-. tileDominions in. : Ms Ijiptfth- at. Fish-; mongers' Hall;, -jin Iviftj? 13 Idst;,. to sharp the nav,\UjitrcVeil.wii;li. Britain. \Xc. discussed- Kip rib tho time, hut -the I-Jill -.re-pyr-j rjl the-. speech shows; Mxid;.': Mil. t.'iMjiiraiir.fk was as pinphaFic.iis« ,a ]>:i? i W | ''' s sl'):h> wi suEtcfisling Iliiit: tho ; iE-mjwi*'s iiitvitj.liroViliMii Kijiuivs, ii|nl.\vi.l;l perhaps vitaHy iipfiij,, 'lopi! naval .ictivil:j--bn fho pai'-t-tft i]yA. D<iminions. Tto ;g ; !'Cat- iwl is, iliat; jib , the British $M' t; i» t-"piit'rn>tr;i:t(itl in luiroppiin M-ii'ti*,fs, "tfiicl , ioi- a- .cjuny-iiu snifio licd :, 1:0 -i'JM 3-fWi Uu-'i'i:- hii« br>p|i riTijlpft ''ii , lU'" ,, ?' v:-i(vi.l., a. ii-nSv jicodi a uuw i'O-i-tha-.grii.a'C.

seftgovofnirtg Doiivi.iwon.s *n tiic; Oi-owii." The quoted words aVe M*: . bk-pfcrtu-t's; Mie' wm v d pi sifjouiicantre is tlic ivord "'sp.pwlu'iiity. . ■Litter in bfe sprctili tin; 'tftfsfc saWl tlrafc tltey knew in : "that r-n vMX -ouv couirtr.y.tni.-i) wim: iim sm-s will hav-n -imly mtu tob, and ,' that W'itl lit' to MTCOUJiter tl.i.f. ciipini iviiorfvoi: Hi(! HfP(} aflil Urn dnngi!! , «; ■infist Siivffri:." K.o "Wl !' :li J Uovui'ttnimik assuiiio, mill tlst-y jwp; ,nwlili -m- ; . assuming, tJiiVJb -tfm .pcaplfc ni the JJ«- ■ ni'jwons iiw «.Hxio:itK,. (nwrc, at bwttam, piifc of iflvp ,'liul lohittj -Uw.n m(+. of Bfel.t%tt-re.sfc, itvtlo-'friie.-ii 1 ■α-iuy vn the nin:!,Uvi' of tjlih EmpAri: « Tvayy.. . wad wi;lit in thrtw w t,: "(yiinorUiiHiy" i-rt Ilia aßpciil Bbrnlirians iis& to -tfre uce;vsi<»... J NdtWg sci)Sia.lionftl is ilfeaiitwMiJ)nWtf rriplaiidai/ii nfl-oii's fit JJw;aU' Hoiin-hls Hurt must life 'buo-lfc out ut bnrfovwd iiiqncy. Whrtt h Mu'f.vfiif) and wu iropo liur pii'lilrc imjiv to 11 in tiiiic coinu to ivrKC u-jton aitotciisictns, is jn- sober by ■ ■oirf ijcmrvnioiis. Us weJl as -by the .other' BominaDW. ( 'DI. the )T«sJ>s[!% iliilt-puT duty to tlic Enrpirc slja-jl be . flic -fh'si qiitl pii Out rcsOurccSj. a:iia- : tlrafc aaa n-a'tipu'-W should ffifres'sciuHcl tcixo-iigh.-woynM* V<AdKallyj iiiici , financially,, td i)» it llVt Fnib of'the Enijoit'ii 'in. tiw fctm<i *?(■ cr^fe' M the nrojsciit time; Wα are nrtythiug' bub :th;ll.

The declaration by the JRjrtsteK Mist jcfflfliflj h\ HoKitika tha:fc Mn ; '$.. E.-'l>:"Sedi)o.n.' Had; Ijo.cn : ;".p.i;cssc.d: by ihfe "lifps't jttiwe|M niffiifc'nCß ifi' WeiJingtPiv" to. ijpinithc M'AfcKESjzitt Cabinet -iS< itfajl# interesting Qu:r; H'ok'}tikiV coiTdsippuaeiiti m'thfi'MiS.- , ■gi&m ;vM ■pvrniQ.dL yeistertlajv Said/ tiiat. all t!io sensible poplo . -itt. tha.; :qiiai'nV'Dld.''Wcsf'.Sqaji't: '.tcijV-ii. iiiightily".iimiisocL : &§6aflb renßofij. irawoVerJ that Mjtj/S^DpqN , : wais , offered' a :pQi:(;Micj; .a party that: ■ ivtetomptfrimlyVsitvccl. ;by ; 'siicli. ; ■pTe asi ; 'MESsu§;. P^E.an:d.,Bi3iJE!tT-. : .sciNf. thai deiiends (on aiich ; pbogis a? , ■JSiE.s.snisv Isjtt aiicl.Afa'fqnp,-: ! : 'S.O' i hat. .sifbjhi'tkxr .i'tislf. ■'#.## '' lg£i;ciei ; s!i:i!3 bl La.uii|;nSons -aiid , a'M ■ JlusfEtLS— why;. onprVtato; Relieve; ■ Anytliijig'-.iJ.jE It,, evdn' iliiifc it pffcViifb a. .po.rfcfgljo. . T-Hq-ifokj--tilia:::Miniabi'ialist 'jftii trial' -i's.-. ->n.; •clpsft: /touch witli -tliii nidinber ■ fpR , ; ■^VjesHaniciv , "aM ,i|i;Sii!tp.J| toulcl ■lidt-■ali'f'duli'-.'W. --j'ts;jdwn ■Iliad-tficvcxiyiyuelyr .icftciimstarifcial:! iTossible,. iiLy iriiosfc , ;,. cf> J.eul sftfif.jfoiv Jil ; fii -IVI-ackeN' fiiittst; Jvave; had. .a tryi iigitinje atf ftawlijiig .Ms.yciytfoiiosjTOund ;his v : Hjs ivctimH .'.M-Lrt.isti^:. is -sjiclt' :'a ; 3 -tp rSj-iggeso ih";it''h.c*niet{.vfith;:ut|t.a: , : ic.\sf:iiftfusa;feypi:. service'... :r Spy! $#$: wise:: exp;liiiii: Miy- '^ussEiit).:: ■■ its;.ibviwius" Ml.' w&fiU'cJ , -' <as: evef. ■Qne■■ca : iiMt ; hcTp; apt ytio'. ■■>vaW:t;he: ; 7\yprthf ifripncl-^-tt.or: ivhoiii. Ifor\ Jtiiii.ti . ".nis:;Dlainiy Mti} i&ptiti ■ ■4ux. ■Mackenzie:;had? a.C ■,ge;the ; 'leV!gt : ;or ; ::MiU;:lsiTT thboCabinefc ' iiks/oi! way s : :,op.rit.a.i lied !:^: ; f e w^sinceiio';- : raeri/" i-ijhejri :jincr;what\. s : :ly;:belieypdf in- ; tliiCi ■ihonesty'^qff ; ' "Eiliv feral'S^o^rnraen i j.the/ :; reyplatjoiijv Vrespecting; : 'tha : '"l0? : 'urat ! ;';b.pssi?s ! ■■.mfitto.cls^-ke^p.'. pii ccf.m- ■.'))] jyi.^'■■"■'. :,":' '"