The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, MAY 31, 1895. SILVER LINING."

Feilding Star, Volume XVI, Issue 280, 31 May 1895, Page 2

The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, MAY 31, 1895. SILVER LINING."

The chief cause of the re-action which has lately become apparent in the Australian colonies is the marvellous increase of the gold output. Last year the number of ounces exceeded that of 1893 by nearly six hundred thousand which may be roughly estimated to be worth two and a quarter million pounds sterling. This enormous sum of money together with that taken by those who have gone on the newly opened goldfields, supplemented by the influx of English capital for utilization in the development of the mines, has necessarily had a marked influence on trade and commerce while it has reanimated the " dead body of speculation " which was, to all intents and purposes, crushed out of existence by the depression which succeeded the "boom" that led to the commercial disasters in New South Wales and Victoria. Except among the absolutely ruined who have lost all hope by the magnitude of their misfortunes, there Js now more confidence in the future, because better days must follow where so much new wealth is being added to the resources of the country by the goldfields, by the better tone which obtains in the wool and grain markets, and by the equally important fact that these blessings must practically extinguish the unemployed difficulty. Vv 7 ith the encouragement of enterprise work for both skilled and unskilled labor must become abundant and wages higher, while the cost of living wiil not be increased to any appreciable extent. With the prosperity of the sister colonies that of New Zealand ought to march side by sido, and wo have no doubt but that the recent gold discoveries in the Auckland provincial district will exercise the same beneficial influence hero as in Now South Wales and Victoria. What we really want now is the power to shako off that feeling of dread of the future, which does so much to discourage that speculative enterprise which forms such a vital force in the advancement of a young colony.