ORIGINAL CORRESPONDENCE. To the Editor of the "New Zealand Spectator." Wellington, July 29, 1850.

New Zealand Spectator and Cook's Strait Guardian, Volume VI, Issue 521, 31 July 1850, Page 2

ORIGINAL CORRESPONDENCE. To the Editor of the "New Zealand Spectator." Wellington, July 29, 1850.

Sir, —As one of your readers taking but little interest in the political squabbles of this place, and unacquainted with the history of the formation of the different settlements, will you permit me to enquire, through the medium of your paper, whether it is true that the New Zealand Company obtained money from the Nelson land purchasers to establish a fund for steam navigation or some other purpose, which they now refuse to account for? Also, I would wish to know in whose hands these trust-funds were deposited at the time the Company stopped payment some three years ago? and in what place of security they now are? If the Company spent this trust money when they were hard-up, in paying the salaries of their valuable officers, and that they now really refuse to account for it at all to those from whom it was extracted, I can easily understand the extreme bitterness exhibited by Mr. Fox against the Government in the late transaction at Nelson concerning what he designate!, in cant language meant to woik upon the feelings of the ignorant, " the Widow and Orphan Fund," though I believe there are no widows or orphans in the case at all. It is so characteristic of the real swindler —the man who openly robs the public wholesale, and then denies their right to complain of it —to be most virtuously indignant at the trifling defalcations