The Daily News FRIDAY, APRIL 22, 1904. THE GOVERNOR'S VISIT.

Taranaki Daily News, Volume XLVI, Issue 92, 22 April 1904, Page 2

The Daily News FRIDAY, APRIL 22, 1904. THE GOVERNOR'S VISIT.

His Worship the Mayor invites I lie burgesses ol New Plymouth, and all those interested, to meet in the Town Kail this afternoon at .'i o'clock to make arrangements for the reception of His Excellency the Governor, who will visit us next week ill connection with the ceremony of unveiling the hatchments in !St Mary's Church, in a mutter like tins we hope to chronicle ag))od attendance of the public, as this is the last visit of His Excellency to this l>art ol the colony prior to his departure for England. Tire greatest I't'gret is felt, from tlio JJorth (Jape lo the Wuff. that Lord llanfurl/s jxtewietl term of office is drawing to i close, as during his stay amongst JS lie has made himself acquainted -villi nearly every portion of the taoining most popular ■vith every section of the community »"l acquainted with the customs >1 (he colonial race. Ever ready to issist in any good cause, Hi s lixcelency and Lady Ka.iifnrly uro known n every home in the colony, and by I'cir sympathy with our old soldiI'S have endeared themselves to Hie "•ople in a maimer that will not asily be forgotten. Apart, loo> 1 01,1 llH ' social world, Lord Ii ailurly has Ix-eu an excellent Governor, •'orty-ilvo years ago Sir ].;dward iulwei- Lyt ton, in a letter to a forGovernor of » w Zealand, laid 'own with admirable conciseness ii.e ■rinciples dial, shoulrl guide Ihe (;.|u '•'•»»r of a free colony. -Heme,.,

Ik- sail), -.hat the /irst alr , a Cora-nw is to .slum the ,v |ir o ac »' a party man. fiivc all par "U'S a,Hi all the Ministries f n ,,|„ fullest play. Mark and study Uu idiosyncrasies of the community every community has so.no peculiar to itselt. Then, in your public addresses, appeal to those which arc the noblest. J)„ your best always to keep up the jrl lh( . ('ountry. Kvidcnt sympulhy in tl,o of the colony ; 1 rails nf kindness, generosity. devotul enerey whore retired for live pubfir weal u pure (tXL-rcis'c oi' tra alienee or vimliciiv t -m*ss or •-I'll'' : the fairness that belongs to magnanimity—these are the (Jualities that make (iovornors powerful, while men merely sharp and clever may lie weak and detested." H may truly Ire said that these principles have been exemplified hy llis Kxecliency, and now that 1m is leaving, the opinion of the people is that the colonv never had a better vice-regal repiesentative. We feel confident, then, that the meeting this afternoon will be largely attended, and that, some suitable torrn of entertainment- will le devised and enthusiastically supported, so that the efforts of the management may be rewarded by such success as will ensure our popular Governor taking with him very pleasant recollections of .New ]'l\mouth and its people.

, Til 10 MO.MOV MAKKKT. Wo hardly expect the Premier to ili.sturli the local money market this year, for his financial position seems to he strong enough to carry on without a loan, says the Wnirarapa l'ail.v 'linieK. J kit t hen- is nnolh'T element of risk, and that lies with <he, banks. There is a stronger demand for money in Australia for advmi.vs Ihan e.\i?4s in Nmv Zealand, and these leinlinii inxtihilions etui earn a liiyhcr rate 0 f interest tliei" than here. 'Phis may. to a certain extent, allect (lie \cw Zi-alattil moit<\v market, ami may cvenluallv had to some advance in- hank' rates Some of the li'anks trading in (lie colony are. however. fairly well sup. I' l ' l '' l ami il is possible that the Itonk rale for mlvances innv continue steady. The last, element of doidil is .speculation. At the present lime land values throughout, the colony have Wen somewhat I'oomed, pari ly by speculators, and l arlly by the (Jovernment. which took into its mvn hands the delightful task of fixing up all valuations, and has put litem up io a level I hat, is a surprise to many people. Theiv is some, risk of 100 much money lieinir locked Up in land and buildi and of the usual reaction which follows over-specula! ion of litis character. On the whole, the oullook for the current year appears to lie satisfactory, ami there is little Iteressily for flying a danger signal. With moderate prudence Die path of the colony should be smooth for another twelve months. New Zealand is no I through ils nood lime yet, jiikl jh ( . b'iin yr-iirs to he si ill in (ho <iisl anee.