NOTES OF THE DAY.

Dominion, Volume 5, Issue 1477, 27 June 1912, Page 4

NOTES OF THE DAY.

AYeCmxgtox pnoplo have . lately bccoiriQ-:<a.>y?irc tramways: system-is not in a financially flour-', ishing rendition,. tind;. before; very long, y.'e fancy, ifc;.vi;ill.he made mani-. io.sfc'lo. ai!- that. something must, bedone' to prevent.- tho. system front drifting very, much to the bad; -; 'We arc hound to say that the authorities.imya'np.t, until vevy-iaiely, showed much anxiety to - consider ihe. finances : of :tlic sys'.oni . seriously -ai;d frankly.. .They might, profitably give so i iieattp h tip fi tp, tHc;;"' ccjiii'-olip visi.ve? report G.U/the/.'.Gliristeiiui'ch'-iTaiiiwny submitted .on Monday." to.'l.hu' Tniin : \vay- Hoard by its . .ehairm'iuK. i\ia. iiOQXH'..,..,. (> Tliis;, document, vhieh v;ouid oceujiy rhrne or four columiK-i of our space, is a carefi\l;. exaniination of ihe posiiiou in Chnsichurch in the light of .soniul traimyays policy. IMi;. .jioofit. sh;etaed t.hiV:!H:rcas;n.!; cost, of the R\'siem-r d . ui > to Ingljer wisgeis -and the* operation of Kew and ti.nprofit.able line;:— and came' to tjife conclusion )lsat j n order- to keep th« iinances stiiblo; .ijit:nel rfevcniie I 'iniiist'_ iJ.ici^a'sp'^^\^ ; i'pi ; QQi3; '■} • VPf!r :, He suggested. '£ rcVision' of .tares although- ho did not consider that his :; prqn6sal.s were, adequate. !n the course pt the TCport.lip. points out that - Ghristcliiiiielr is at tage ns eoiupiued fiflr ;tlisi other cities.::- hii:; to face .a'fke.bii.' motor and cycle eonipetiiion, and the pomdatior.-pr r route niile'is less-tiluth populatioii per route iiiifc' iil •Vningtoii. This siio.iild make \\ elhngton citizens begin, to realise that OTp. : traittwnxJ? -system should c(o much; bettcri-.-.thaii. the' Christciin- 'h system'-,-- but it does hot. The 'two striking 'feafu'res -of the report are ion. trtiLiitifc. v« T .c liavq never' sgc)i im anything'iish/ijia ; o£ nr.reriort our own- tramways ; These lar analysis of fares and sections, and, second, a discussion <if thn f tinclarnqn'tal .iir'i'n.ciij.los; tramway management. -J! i; . iiooru ngiitly- insists that 'the tramwaVs should he required to pay, and not beeonie.a bu.rdi'ii <iu the' rates, and, uirUiei, l-hai a. municipal" autlioi Uv has no. right to gamble on the .future making gPod present losses. Sooner or later odr i'lli' have to realise that ther.: is a way sitiiittjoir"-heiio f<i6. '

WiiEK mi? o'f ctir H(incalion lioards is driven by sbp.-r ircdtifisfby £0 su' • gPRt ihi- ir!ii)i)rl;ili.)ii fivtinct) tpiiclmi-x from I',ntrlni.icl ire ofcipr (,•, meet a slio'i'iagi? whii lr has isnpcriiii'il the plucipiii'v iif ii.x ?o!iyo!s it id limn; 'lh'ij .Giij-Jirnniejit 'fiicoil an uliligatipii \yWeh ivo ioo.ijniccl on-t.-nut very loV.g a.u'o -tlip ci'tiiistiqii n{ improving tiii-ifiiiaiieial ci'rc.ifiiiitanccs of traciivrs hi Ilia t-raij.'-: of tho sovviyps Tliy Saifthlrtjifl: Kcincalion Bon:i ; # c.ai.i see nb way oii.l,'-of Its extremity fir t:hft -liiati.c:i-' cif' :Fiii suitable tathera gave b,v. imDOitiuc-.

11 UJillii'r from I ill' Oid Country, and .it lias asked -tlh; >il I:-t !')(ini j .(lk (if flu/ Dfl!iil ; iH(ii.i -to (Vi-opiM'/ii-B in moving n'iiiv.'i 1 authority Id do s<iinci-!mi;j of ■the !•:Fnt!. UV ;itjrcr- with M a. Li;io (cliairitiitn «f Jim Weiliuglitn Board) that such a wonltl Job a ini'.-tanil ili.u the. rela eta lie-• oi young. iii.c.i'i ,aiu! Women t.»> i'-Wr. I'bi} l«?i(!jlihg profession—alui j'i'iliiiin. !h-n-iu - can only lie over(Mini by ii,;ii:ini? that pTOfiisjUprt more a-tl-rae'livf! in itii cptolnnieiUs. It wu"k pointed. wnl:. at lii". W'.Hiuulon JifXtiv<.l : '.'s meeting -Oft Tuesday ilYa't 1J) ■tiiii four traini-m? colleges. which liavt; lieen established in the principal een--Ires we haw. ample liH'ars for the (nulling of snfiielcnl i! ;n;!nn-n Lq nxoctiiii (Jomaiuis. Bui, /the i-;iVy. —eitiuliilittes for iln- profession— does not present itself. T'liat is tin' fuiid'am<;nliii (sii'iicn.'ly uf t!n> present situation. * "

The recoil!. Xmv Zcalmid four million loan continues to aUra'd atlentio:i ill Anstiviiia, Last, .week tiic Jj HI let in, jviiich is !!(i!!iiu<?(l cvon liv those wiio detOMt ils genoral political itleas to tlic "pnsat virtiiii of biiing soujj'fl iis wr.it.ings on public finance, cl< voted an iiT.ti.plu tci' ;thi.a: .'latos,t ! ;d.oVtil'opiric hfc- .of; t'hs '"■cqisiplicjitijxi' wild catiKisr' oi Ifow 2c"a !'iintl' finan.ciiVg. ■' After csriili.iiKli'ing ,a -jiai^neLJjjet.w;i2'd'iM-/Ncisw--Zealand p.ovci-nnmiit and the : t6i'g. tlft Sytiney 'ifliii;na§3^l^\vith;;^ifc ; losses o.ii .con vers; fins, : y,;liich :ara csti - • niatecl A qssfe). .-as; h'aiVi'rig vorichoti; over .12,000,000 liy In 102!) over £20,000,000 of loan money ivill' fall over £!5;006;000 in !9:«>, and over £0..0q0,Q00 in : ;?3.945,, It.has been' m.acle. ;ol)vious' (luit if. ".Lilicral''' or !; ai:disMn^nciaijmcjtliii^ jiai e-iiornious' nnniber /it new oi)lig!i(.ions would 1>« cn'at'.d.to be. met long before .(.lie big bill - 0 f The ■ 'P-CIP-: V* f iiii ti iiclu p': ■; i n-'J 'Noyctfci i.ei'j .1914, but the-laier- loan-, of £•(,- 000,000 f»lis duo- in _ The' .^Wy'iyß^tpM'aiso:_■ anotliciv'fou rifiii illi olS'* ]oan : oii onq-yi>ar. boncls,-. to fall, due iiM9l3;; Of coin so t'.icre'are; already, other heavy oiiligations• to Iw liiet. •' Pe.io.rqf.l92£)M(,twDn ty'' ;iii'i 11 ioris-"' or- i; so m the ne.\t : five, years). Tile ;/>«'- sumraari.sesl.hL\ growth of New: /.ealaiicl s debt (public and local) uh follows:-- ■■ '■ f; ■ v .f::: -liicroase; ' ■ neivyeaf' .:■ 5 ye'ari.; {average). . : nli.OG! 13)1?:!!!® :' : ISO 955-J-'fi:\..-f;^.-y.i;.,^;23;B9G,Cja^J^\;-\4i;7rg,328 : "So" it. is no wonder," it ada 3;. "tiiat' 2\';v.- Zealand !ins;.Rot down'to.'float.-. lnir the most- temporary' kind of f : O R(V o:v with.''' . Apart from tliq frtct thai 1y.£20 per lieaci more than Australia, on its public debt :accoun'L" (or £1)0 more, including the. Ideal debts), a nmeh' .larfff i. ..projiorlion of iho -.New. Zeislan'cl delit is. owing ,to ', foreign creditors and a. pnieli large i/ropor|ion of its debt is. unremunerative; ■ haXvpvbp'pio-- ■ t.VonateJy; : 'raucli.Jless\vmoh^ mue.li morn ihair.a fifiii of .th'Coinn:onwe,ilth(s liopulation; ■ and liiuelv. .less than a..fiflh. 6£' the Coniinonwealtli s ,stock. .of. coin.;'.'. , AVe; r a n hardly, foel ;iii'r],riscd that-the. article concludes .with Jim. observation'that '& , A^; I Z.caland^ risks'these dnys.''. The fact is, what'-. ■py#Vths-Miiiistcn unpatriptic financial-: policy of ..t past; fifteen yearf, aiKi-eroieeia!!v th'e onst: sis years, may-say,'. KcwrZea-:! ,-Ji.as' ■:ppOn:.scnpu.sly yiiiuKdh'Tliir] Kelpvm : -partyv. woftrust; : will liake:?tli6-i gloves off respnclihg Wardist.finaifco | ao I :"SQCii;• as.;poSSi,blc;'£; :■ j