POLITICAL NEWS.

Manawatu Standard, Volume XII, Issue 1727, 7 June 1886, Page 2

POLITICAL NEWS.

Although we are glad that, m the pe. caliar circumstances of the case, Mr Montgomery's motion was not carried! , we should regret its rejection very ser-' iously if this could be taken to mean a - death-blow to all retrenchment for the '•: session, But we do not think that this/ is the case. On the contrary, we have good reason to believ* that Minister* secured their large majority mainly through very distinct private pledges that reductions should be effected. Nor was the accession of Mr Reynolds to the Ministry without its influence. That gentleman haß lone posed as the resolute champion of economy, and it was an " open secret" that he only accepted a seat m the Cabinet on the express un> derstanding that the work of retrenchment should be energetically taken m. hand. We anticipate therefore that before the Estimates are pasted some Substantial reduction m various departments will be proposed from the Ministerial benches. — Wellington paper. Mr J. 0. Brown has. introduced* » Bill providing that Government may pay "salaries, wages, and» other debts due and payable by the Government, 1 ' 1 m notes to be issued by them j sucto notes to bear 5 per cent, intereat from; the time they are issued until they ar»> presented for payment.. The amount', m circulation at one time is not to exceed! one years' total revenue of the colony,. | and the notes am to be legal tender from one person to another for any pur* pose. There is some talk now of the session being brought to a close m five or six. weeks' time, and we believe the Government expect to finish at any rat» • next month. It , remains to bo seen * whether these anticipations will bo > fulfilled. It is rumoured that Mr Bryos will I move that the new loan be only a mill- - ion instead of a million and a half. It : is not anticipated, however, that such a I motion will be carried. t