No Further Borrowing.

Pelorus Guardian and Miners' Advocate., Volume 1, Issue 29, 6 May 1890, Page 3

No Further Borrowing.

The following icLgram from its Wellington correspondent to the New Zealand Herald will prove very satisfactory to those who have feared that the Government were in favour of The Labour Demonstration. | fu,tl,er borrowing. No doubt the

protest has been raised throughout the colony against any departure from the policy of total abstinence, from loans, for some years at least, will confirm

them in their decision not to go into the London market at all everts for the present, even for a special loan to be rigidly appropriated and ear-marked.

/ A member of the House,” says the correspondent, “ waned on the Premier this morning for the purpose of ascertaining from him whether there

was any truth in the report which had been published—namely, that the Government would be prepared to advocate the raising of a new loan for special purposes, amongst others for the promotion of land settlement through

the intended boundaries ot the new electorate. Sir H. Atkinson gave an absolute denial to the report. The notion of raising a new loan for any purpose has never, he said, been entertained either by himself or his colleagues. The rumour was stated to have proceeded from a certain newspaper which is known to he an active supporter of the Government. He considered it would be very hard if a Government were to he held responsible for what appeared in the leading columns of a particular newspaper, for no better reason than that paper in question gave a general support to the Government. The report was without foundation, so far as the Government was concerned,