Interview With Mr Ballance.

Manawatu Standard, Volume X, Issue 1494, 30 October 1885, Page 4

Interview With Mr Ballance.

THE PBEMIEB.AjNR j THE,iNX)RT: 3: ' 'ISLAND 3&UNK BAILWAIY

[Taranaki -News.] Eefecfing to^theXfecehiie^s statemejit m his speech .,at^ I)unedin ; £B to the cop - s f^iatea s appr%latidfi a 6? J tfie^r6rth s Islflind.Trunk' Eailway^ one million lodn lor general purposes, Mr Ballance aa-. mitted. that, might be done.. At tb.e.sanie Time it was " ear-marked " for the Norih Island Trunk liailway. Aa a matter of fact, money had been taken from generp revenue on account of contracts already entered into, and that advance woujd haye to be recouped when .the one million loan was raised. In the event 6t the loan being raised, and part used for general purposes, it would be restored m, due course, when required. The matter, was one not, ot principle- but merely of convenience and account. If the. one. million loan was raised for the North Island Trunk Railway and held strictljy for that purpose, the practical effect would be that the colony would-be pacing 4 to 4£hper cent, for the money, and having it lyinff at 2 per cent, m the bank. The Government had no intention to act .otherwise, than m a straightforward anQ hoDourable manner m the management of the loan. . ' ;