Telegraphic Intelligence.

Hawke's Bay Times, Volume 16, Issue 871, 19 November 1870, Page 2

Telegraphic Intelligence.

From Grevillo & Co.'a Telegram Company, (fteuter's Agents.)

TARANAKX

Wednesday, Nov, 16. Mb. J, C. Richmond hold a meeting of his constituents on Monday last. In a speech of two hours' duration he gave a very gloomy idea of the future prospects of the Colony if the pre-ent Ministry retained office and got the loan. He called the policy of the Government a gambling one, and said that there were ninety and nine chances of its failure to one of success. He compared Mr Yogel's financial scheme to that of turning the Colony into a joint stock company, in which every settler was compelled to be a shareholder. The revenue, he stated, when compared with the pievious quarter's la<t year, was falling off, and as the new Act had been |>assed specifying what amount the provinces were to have a 3 a capitation grant, the General Government would find that their own revenue for use of colonial departments would run considerably short of what they expected. He censured tho-e members of the House who had supported the scheme, and hoped the Colony would return members who would check Ministers from squandering the money. He predicted that if this was not done bankruptcy would be the result. He distinctly told the electors not to return him if they did not agree with his principles. He devoutly hoped the present Government would not get the loan, but, in case they did, he would like to go to the House and see that it was wisely spent. He spoke against the policy adopted by the present Native Minister, who, he said, would lavishly sperid the money on the natives, and would do so as long as there was any left to spend ; but when that was all gone he would pity the next Native Minister that went iuto office, wheu the time for retrenchment had come round. —A. resolution asking Mr Richmond to stand again was proposed, —about a dozen hands out of about 180 being held up for it. Some time elapsed before any one could be got to propose and second it. In reply to the question whether he would support the present Ministry should he be returned, he replied "No." He would not, however, oppose the scheme if it was considerably modified in its proportion,", and the details were made practicable; but he could not give a general support to the Ministry—he must go free. For the Grey and Bell district there will be four candidates, —Messrs. Richmond, Uarrington, Brown, and Whitcombe. For Egmont there will be Sewell, Crompton, and Carthew; while for the town Kelly will be unopposed,