PROGRESS AT WELLINGTON.

Mount Ida Chronicle, Volume IV, Issue 239, 3 October 1873, Page 3

PROGRESS AT WELLINGTON.

, Thp ; second reading of the Miners' Hights Extension Bill was negatived by twenty to eleven. * .'ln reply to Mr. Gillies, Mr. Yogel said the Government recognised' the desirability of" the establishment of.branch depots for immigrants. . : :T!ie Mine.rs'. Franchise, Extension Bill, enabling the possessors of miners' rights to ,vote .for Superintendents, was read a second time.

i Seven Loan . Bills were introduced in the House last week. ' The' Otigo' Loan-? Empowering Bill is for aToari of £310,000 Wel ling ton Loan, ,£175,000. Otago Land Ordinance, : '£300,000. ; Nelson • Loan; £110,000; } . Marl borough Loan, £21,000. Auckland Loan, £245,000. , Hawke'sßßa r Loan, £210,000. ! On the .question tbnt the' House in the evening should take up tlie Provincial Loans Bill, "Mr. Tolinie said that the colony and provinces'were going too" fast. 'lt • was not probable that they would get money. Loan companies would no't .'-lake the debentures; whilst ;the • colony was i borrowing in London at the same time. If the banks bought, it would be for sell>ng in London ; and the same power would be used as was brought to bear before to effect a, consolidation. The amojint of borrowing, provincial and colonial, for-the year, would be £3,800,000.—Mr. Rolles(ton ebneurredtin the remarks of the last speaker, and dvvelt;upon the dangers following upon reckless* borrowing and an extravagant policy.—-The motion was, carried.

lhe ; debate on the Hawke's Bay Loan Act was resumed.—On tlie motion of Mr. Tolmic a new clause was added that all works constructed under the Act be paid in caslw—The Bill was then reported with amendments and passed.—The -Marlborough Loan Bill, the Wellington Loan Bill, tlxe Otago, Bill, the Nelson Loan Bill, tli'e Taranaki Loan Bill, and the Auckland Loan Bill also passed.