NEW ZEALAND FINANCES.
Although it is not always pleasant to bo lessons of self-reliance, the resy_ ls 'vvholesonre. And if the and parties in Engirt should spur financial reformers in New Zealand to set to work to bring order out of confusion, the colony would be the gainer. What we hear of New Zealand finances is very unfavorable. The deficit for the year must be considerably beyond the estimated deficit, and the receipts from land sales and railways were placed much higher than it will be found they have realised. It is not surprising, in these circumstances, that anxiety should prevail in some quarters regarding the financial future of New Zealand. There is perfect, confidence in the resources of the Colony, which are ample to meet all demands ; but the debt is heavy, and a hitch, such us a bad year's revenue or a large deficiency, might produce serious embarrassment. The best friends of New Zealand, then, are those who give her a warning in time, that the peril, if possible may be avoided. The rapidity with which her future has been mortgaged, in order to meet the demands of the present, was sure to cause doubt and anxiety in the long run ; but it is merely a question of time for wise financial adminism.’liou to put things right, if the task is taken in hand at once.—Home News, April 22.
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Bibliographic details
Kumara Times, Issue 1156, 12 June 1880, Page 3
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231NEW ZEALAND FINANCES. Kumara Times, Issue 1156, 12 June 1880, Page 3
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