Outside Opinion.

Feilding Star, Volume IV, Issue 46, 20 September 1883, Page 3

Outside Opinion.

■ Commenting upon the last New Zealand Budget, Money, a London financial paper. makes the following appreciative remarks: — " It is clear that the estimates are carefully framed ; that the expenditure it carefully controlled ; and that the revenue is elastic in the better sense. Large aa the total of the public debt of New.Zealand may seem, it is yet proved she carefully provides, year by year, not only for its service, but for its extinction. To show how wise has been the action of the colony,- and how false hare been the prophecies that it was going too fast, we may point to the fact that whilst her revenue shows a fair increase year by year, expenditure has ■ been largely reduced and brought within bound* : and this at a time when large sums have been unstintedly spent on the development of the country, as shown in the increase of foreign trade ; the latter it, however, we should remark, but a small indication of the actual improvement of the country, where, within the last five years, the land under cultivation has doubled in extent. These are facts, we think, which prove to demonstration how thoroughly sound are the aecunties of this colony.