The Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, OCTOBER 28, 1885. THE NORTH ISLAND TRUNK. RAILWAY LOAN.

Manawatu Standard, Volume X, Issue 1492, 28 October 1885, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, OCTOBER 28, 1885. THE NORTH ISLAND TRUNK. RAILWAY LOAN.

into practical effect. We persist m disbelieving that tljis will be done, of that it has ever been cqntemrv plated by the; Government." The Post takes a different vie]v of the! matter 4 We make the ! following extract'-:—-" The Government certainly will not raise the loan if doing so can possibly be avoided ; but if it becomes absolutely necessary that the amount which the Public Works Fund has already advanced for the purpose. of the North Island trunk line should be repaid, and if no more money can be advanced by that fund, m anticipation of that loan,, to enable the works already under contract on that line to be .proceeded with, then the loan will have to go upon the. market ; and if the Public Works Fund, m its turn, requires assistance, it will be quite fair that it should borrow from the North Island Trunk loan."

- ' • ■» Thk matter of raising this Loan and expending it on other purposes than those for which it was authorbed* is still causing much comment m the Wellington newspapers. The New Zealand Times writing on the subject says : — " We cannot bring ourselves to credit the possibility of Ministers lending themselves to such a nefarious transaction. The proposal looks to' us far more like the scheme of some unscrupulous sup* porters of the Government who, desirous of currying favor with the powers that be, and utterly reckless whether they injure their own districts, have the temerity to suggest , this mode of wreaking vengeance on ! those localities whose representatives assisted m enforcing economy 6t expenditure. If Ministers are wise or value their own credit they will be prompt and decisive m repudiating the disreputable scheme tendered for their acceptance. In any case it is imperative that the public should not be hoodwinked as to the true nature of the threatened financial operation, and that everybody should clearly understand what the operation, however sophistically extenuated, would actually mean if carried