WELLINGTON.

Hawke's Bay Times, Volume I, Issue 13, 26 September 1861, Page 6 (Supplement)

WELLINGTON.

The Advertiser, of the 7th instant, thus concludes an article on “ The Apportionment of the Public Loans” :

We stated in our last that Dr. Knight, the Auditor-General, had sent in his report as to the basis on which the debt of £IOO,OOO should be apportiond between the Provinces. If the basis he recommends be adopted by the arbitrators, Hawke’s Bay will only be made* liable for about one-fourth of the debt contracted by this Province. The information wo have at present received on the subject is as incomplete as it is unsatistafactory. All we can learn is—that some £22,000 have been already paid interest on a debt which if Hawke’s Bay could have ruled, would have never been contracted—that in all probability this Province' will be condemned to pay sonic £6OOO per annum in the shape of interest alone—and that, if Dr. Knight’s report be adopted, the policy of “ Featherston, progress, and prosperity,” has been to saddle the head of every family in the Province with a debt of at least twenty-jive pounds sterling !