The Manawatu Standard (PUBLISHED DAILY) The Oldest Daily Newspaper on tne West Coast. TUESDAY, JUNE 3, 1884. OUR COLONIAL CIRCUMSTANCES.

Manawatu Standard, Volume IV, Issue 159, 3 June 1884, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on tne West Coast. TUESDAY, JUNE 3, 1884. OUR COLONIAL CIRCUMSTANCES.

Our cablegrams yesteiday contained the intelligence that a thousand tenders were received for the Queens land Loan, amounting m the aggregate to nearly £9,000,000. This cleat ly proves that colonial investments aye still m the ascendant m the London Money Market. Some of our would-be political leaders of parties have been raising the cry of no further borrowing. Our view i« that the time has arrived when another three million loan should be floated, as no doubt it woiald be without difficulty. Let the Oolony demand the completion of Sir Julius Vogel's original scheme, viz., connecting the main seapirts with lines of railway, the resumption of five and nominated immigration, and the further development of the frozen meat industry, and prosperity will soon return. The direct .steamers will bring hundreds here who otherwise would never have dreamt of coining, and the increased interest on our Colonial liabilities would not be peiveptiWy felt. As things are depression is everywhere, and things get bad to worse m the finest Colony under the .sun. There is immense wealth m New Zealand that only awaits opportunity for reproductive investment. But until there is a change m our system of Government and our method of taxation, and until our v-ilers are imbued with piogressive ideas, we fear no improvement need be looked tor, and the present stagnation must continue.