Loan for the Colony.

Patea Mail, 22 May 1882, Page 2

Loan for the Colony.

Another Loan for public works is already , a jSubjfi!Ct| \pf keen gossip at Wellington,/ Ministers made no direct . reference to it in the speech which they ' prepared for the Governor : yet.it is • <’-ti ■■ •.>’ ’ii ■ ■ /■ f clear from the confident suggestion aboiii more railways/ that J the A intehiT to propose /the early ’completion main lines/'After' referring to various signs of renewed prosperity, and Jo ^ of railway Crdvenue, the profit being AowiAqUaFtbH per centt pn the. outlay last year, €hdl that t was 4-thought good), the ‘Miaisters sap f--r/‘ Thesis/ facts | amply to justify your making provision ffbr ? the|dxtension and ultimate completion of the main trunk lines of railway, as : fpr.:dt6et \|mportant works in connexion with' them, to which ParliaJts sanction. .Proposals with these objects will be made 5 to you," which' : ,the /increase-|!o£ revenue arid the revival of prosperity appear fully to justify.”-—This bints at

a loan, if it means anything,. The amount wiUprobably be three millions, same as last; the idea being to ensure a moderate rate of progress, and avoid any tendency to inflate prices by excessive activity at one period and depression at another;