How We stand.

Manawatu Standard, Volume 4, Issue 183, 10 July 1883, Page 3

How We stand.

[ffauraki Tribune. J Just as we have said for some time back would be the case, the Fiuancial statement of Major Atkinson shows the Colony to be m even a worse state than people had any idea of. Tbe one mi) lion and a qutrter of a balance with which Major Atkinson, thanks to the economy of the Grey Government, commenced operations, is all gone ; there is an anticipated drficit m t c revenue of the coming financial year to the extern of £100,000 : and there has been a falling-off iv tbe Crown LandJSales t^ th« .xtenfc ot £100,0001 We hay paid 25 mi 'lions of inter st on borrowed money duriug the past 15 year , and, like anotbe Ireland, one» third of alt we produ c is now goin^ out of the country to the money-lender. Sir George G'py challenged Major Atkin.--Bon to show the courage ot bis opinions and ask for a dissolution before imposing additional taxition, b t the Major echned the fight. Loi-kiag at tbcontinUK.l extreme financia [ ressU'e by th Banks, and tbe depressed state ol the Colouy, the sooner the present • tinißtiy ts out ot offi -e the better.