The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, JUNE 14, 1895. MORE BORROWING.

Feilding Star, Volume XVI, Issue 292, 14 June 1895, Page 2

The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, JUNE 14, 1895. MORE BORROWING.

It may now be accepted as an estab lished fact that the colony is absolutely committed to a gigantic borrowing policy. The ostensible reason for such a remarkable change of front on the part of the Ministry, who accepted office pledged to a nou borrowing and self-reliant policy, has been given by Mr Guinness, a West Coast Member of the House, who, in an address to his constituents, said, referring to the Midland Railway which the Government had taken possession of, that a million and a-quarter would be required to finish the line, and he would help the Government by his vote to get such a loan. Mr Guinness also asserted that money would have to be raised at the same time to complete the Otago Central and North Island lines. It is not Hkley that Mr Guinness gave expression to these views without being in possession of knowledge which justified them. Whether they are thrown out as a challenge to test the public or as an independent expression of opinion we can only surmise. One thing is certain, that the opening of the Midland Railway would go far to remove the depression which exists on the West Coast goldfields, if only for a time, by che expenditure necessary to complete the line, to impruve commerce, and last, but not least, remove the impression which the residents of the West Coast appear to have received from che actions of the Ministry, that the West Coast gold miners are being neglected, and only the farmers in the North Island fostered. Inter alia this is somewhat amusing, because the farmers in the North Island have for a long time had the notion that they were the neglected ones, and the West Coasters the favored of the Government. If we are prepared to accept the inevitable we will be wise. It is a practical impossibility for the Government to completo the railways mentioned with money taken from the consolidated revenue, it is equally impossible to raise the money in the colony, therefore another loan will have to be placed on the Home market, " to be expended on reproductive works" A few days more and the colony will be better informed on the subject when the " Speech from the Throne" has been delivered.