Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. Saturday, January 19, 1884. COLONIAL SECURITIES.

Manawatu Standard, Volume IV, Issue 44, 19 January 1884, Page 2

Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. Saturday, January 19, 1884. COLONIAL SECURITIES.

Ik connection with our leader of yest«rday on the subject of the success that has attended the floa ting of tlie second instalment of our Three Million Loan, it may be worth while to notice, that within a generation or so, the people of England have advanced about two hundred million sterling to the rotten Republics of South America, and have nearly lost it all. They have been scattering hundreds of millions among thiovisfc Turks and Greeks and Egytiana, anywhere and everywhere, wherever a national entity pould be found to represent its requirements i« form, and utterly irrespective of the ragged«?sfc character, or the disreput able purpose to, which, the loans might bo applied; But as the I 'Auckland Herald points 6ttt there is now being pressed on, public attention the fact that the colonies aria young and Vigorous nation-

alities, with all the sense of honour, the enterprise, the character for which England herself is distinguished, anil that the moneys lent are supplied to objects more commendable and every way of a sounder character than the loans of England herself. About the beginning of this century, m the sb.or.fc spaco of twenty-six years, and at a time when the revenue of Great Britain was no greater than that of [the Australasian colonies at present, and jwhen her old commerce was less than that of these colonies, the Government of England borrowed between six and seven hundred millions sterling, to be expended not on roads and railways, not on promoting arts of peace, but to be squandered on foreign wars. The contrast m the amounts is not more astounding than m the objects to which the loans were applied, and the knowledge of thase things is now evidently forcing itself on the attention of those who, with vast amounts of capital seeking for a sphere of investment, have hitherto turned away from the colonies as little, distant, and isolated communities, having ■ neither a name nor a standing among the nations of the earth. Wo do not hesitate to say that the success of the recent loans reflects the altered state of feeling, and that, making allowance for the various other circumstance? contributing, colonial cieditijfis indebted largely to the fact ot the colonies looming up prodigiously before the public eye m these move ments for annexation and confederation. The assets of the Colony are also annually increasing ' m vatue, and can scarcely deteriorate. 'Every acre ot , waste lands that is settled upon enhances m -some degree our colonial securities. There,, is something to be seen for the money expended, though in* all 'cases not quite as much , : as there should have been. The colonial bondholder feels secure m the knowledge that notwithstanding occasional periods' of depression, the Colony on the whole is progressing, and must progress. Day by day we see evidences , of the great future m store for New Zealand, a future which is being brought nearer by means of direct steam communication rendering closer the bonds of relationship.and commercialand social intercourse with the Home country. Our resources are vast and magnificent, and us they become developed, so will the dawn of returning prosperity again illumine our horizon.