THE PREMIERS FINANCIAL POLICY.

Taranaki Daily News, Volume XXIV, Issue 66, 11 March 1902, Page 2

THE PREMIERS FINANCIAL POLICY.

I THE YEAR'S SURPLUS. PBR PRESS ASSOCIATION. Donedin, March 8. In reply to a deputation urging an extension of the Oatlins River Railway, the Premier said there was a question of policy involved whioh must be looked at from two point*, one being the extension of a borrowing policy and the other borrowiag for giv»n public works. He thought that with the limited population there was now, they must be content with a loan expenditure of about a million a year, and be would resign office and leave the conduct of pffars to others rather than be a party to a policy H at lead to disaster in past yeans. He was, however, in thorough sympathy' with the deputation in myirg that the Crown must; take step? to prevont the reckless waste of timber resources, and | he would call for a report on the subject from the Commissioner of Grown ! Lands, He announced tW. there would he a eurpius on mdir.ary revenue of over £250,000 this y«ar, und that in all probability about £ 1 800,000 would be availiblo for appropriation by Parliament, All he could say was that in framing the Publr: Works Estimate for next yen- ttiia r.ilway would be dealt with equitably in conjunction with other railway works.