Evening Sitting.

Thames Star, Volume X, Issue 3314, 5 August 1879, Page 2

Evening Sitting.

'■■■' |Th#,Hw»>retumed a* 7.m f\ mn gx , The Premier said be bad to state to the House that bit Excellency bad been phased to assent on behalf of her Majesty to the Loan Bill, and be asked leave to introduce a bill entitle* the New Zealand loan Bill. iSir William Jfc* wid he did not rite to oppose tht bill, but merely to say M ODderctcid tb« bon gentleman wm about to! awl akwdf of ike opportunity ot i mkkitutti stftfement as to the forthcoming elictibm, tb,*ir ptobaM* date, awl the' period of their rottirt to .thai House. He would augßeatit ahonM:be,arwell to mike a statement before Hpi *ntroduction of Jhe Loan Bill. (o The h<s tbou|{iit tke prope^ t ,me to«.y «y jf jj^ili 0 H^Tl! the secon#readißjj of-ih» bill. *v- *-^ 0n the iMwi'riailMl^* WBinic prayottm* 3 fi The JPreniier said .that wr.itiUL.for the poMible delay, and the elections wonld folloir aa-»oon aa possible aftarwajrft. TLe rest was out of the hSttdJi*ttf l«he GqTernment, but^ Ifie 1 jiw House Would be'sbmmotted, lid' mißhjib(safely 5 say, with IbJe, leaa^ppssible. idelay./ How soon this could' be done it was indeed out of his -power to r say. Ministers migh^ die, or, X imighfdierand ft *ai m&BU ■ loM^ He could only pledge GoTernment that notanb^ar's delay should take plae* in: th^k^feir>ai-sorr^ihl^. member had' nbt been more eipTieit in

answering the interrogations dm to mm, instead of trifling with 1 the bustae** they members themselves. They were losing the! confidence of the, people, and such a state of uncertainty and delay Wai flotr creditable to them. j riiri Williim. ;Fbx aaid they had ibeeiti c fold that up. mnneceaiary; delay #hpuld arise, bathe thbnkht the time for inoit elections might be fixed for the fifft few days of September, and-they might reassemble abotit the middle* ;ofithe mooth.t They did not wish to lose time in getting' the elections over, and returning*& the House. .He should say that |«M>U^r would be dependent upon all this oping fixed. ,»«<.<,„*. should be giren that the. House would meet witbia • certaiq period «fterHth^: return of the writs. He found there was nothing to pre Tent all the tnemben from retumiag irithiß one m«nth after tka 4ak* did- not know that he should return to that House, but. he would ask them on their return to conduct the buiineis in a

seen it conducted for some time past— indeed siuce the present occupants of the Government Benches took office. He had only to refer to the circumstance! under which they got upon those Benches to show what he meant. He hoped the House would lose no time in proceeding to business. Dr Wallis was sorry there was any appearance of unnecessary delay in the conduct of business, although he did not approva of rnahing the jhfww ifaMßgk^ the House—he disapproved of the Bill, but could not A , JMookedinpon borrowing as a[mistake, but tfnaef the »Q now. Some fire jears ago they com* raenced tlie|gystcrti; and the etil lay at the d«or of those who were now a majority in that Home.' This borrowing teeest itatedL.-w taxation, and for yearsrtbey had spen|f/ two millions annually. They knew the indebtedness of .thf colbny arid ought to proceed^ nhte^aaß^ty'nWffiMß like oitricbes biding their.~ h*A»',#■ the sand while ruin* was galloping on hone * baoko Tttadtoi tfcbWf. inWPPI They were labouring ..under the delusion ih at k> prwptr M« UinfMJMfMiM into debt; that theytltonjdenrich themselves individually by going into debt burden of twenty-one millions banging overlhem. Theirindebrednefsatpweirt~" was £50 per head. MjLmhk thi§ bill as law they wonIJJUS&Wi £62 par Mad, and he thought it would be as well the opinion of the people on this furtber borrowing policj^Jfeepl* i%Ae North were everywhere diisatlifledmth the anequal division of.thesejoans on public works, but as this was possibly the last IjsmtQpsran&fe'' tho now sought to a§£ume the Govern* ment of the country. raise a loan. The necessity of the take might hare an opportunity of addressing might be classed with those who bid no hop* c* .«*■*.* ite^ Hof^ dtajteo! the dissolution. He then proceeded to advocate the divisiospiof ««? acjeount of the colony amongst the several -fesl^d' 1 of confining 'thje same, to one institution. Such *rranj#m«ts should be made for the"s pistribution of money amongst the. sevecal banks to avoid any such calamity as the pas.liiiay/bf'one fcstifatibnTfciiinglaßsl ff bringing with it mca.disaf l^m tf^ey had 1 lately seen, .cansed bt rabi%^ upon, one • ■ such bank/ If he had! in"s,ddfess!ng*that House, at any time YroHden upon any >Jed v H> was compelled to. foHow_|iis tnendV &hi hon member Jtbt unrev v^lle7«.infA |oliticalretir^np?ilstime. ««lT«Srd^ Mr Saunders hope^the loan wotftKfl', spfent judiciously a*fionomic.Uy. ™1 V. ThePre.amr^aaid^had been f||pt/" to|stat ? .wJ| ) »i» S |h# !( H« |i ß mm^Sml^ anjd vhefi it wt>uki meet : •gua3*sjtohmu,a impossible to sayiv They had agreed tatt, :i the electidoi^nbsld take plaosliU>|eri ths^siD new rolls which come iajo .opmtisa.jy/ .September, and the wri^ must be issued witfi r. e £er«c« } to a t^^.fl^miw be alUxwea Jo interfere «tuß aii/S. aurara Mmm ai fOO|y&w^l %i R WA the lst of September. Hjrwat srynwia do the beitieisouldforNewZealanfasa whole»__ Hf was a dying man, and could not say" *ha.X might place witbjo the »xtAw 7/ da; 's, and he felt constrained to take every fi pr< caution for the future. He hoped that thi elections which ;ff«re T about to take plice would go in favor of his party, and he must take precaution with that view. S t shoßitmie ttteMrm.mm&m** i, jht not even meet the House, and fie * should therefore give time to others to prepare their fttftaa j*U «l»*ifa** could do would be to make such arrangement! ai irould secure tbew «iom «but they could not give specific dates for anything at >resent, and he might tell them that to* GoyemmßntwmmMmmmmmm!) delay ensued on these matters. It waa their duty to see that the best interesti of'the c<&*r>**e*m&t*itxmmmt': contingencies. These should be ealmu •lat^d, and then they would be found to jhatfedone thiJUsßtf. &*******&% ;he r that evening doubts raised ai to the" >nedessity for the loan. He then referred !to the advisability o^<*«tfs* ro^ft policy of borrowing. The waa no ana* logjf between the national debt of Great Britain and the colony,^t)<is9N§feCMO qu< stions as to when would be an end to thi i borrowing policy, he would only say thajt he hoped that the 1 tsMOflgftn^stsMD arrive, because it was neoessary for tho rai ways and other public works, which we emMGfiAtwm^m^kmkti', the Government, as m this colony. He, - therefore, saw no objection to a proper of borrow^-r^is* mmmil 'Mti lough it was necessary that a watchful ty« should be kept upon the expenditure. He! agreed with the hoßgmglig (mOto* ~ Wfit that the North iTland had noth3 its share of the loan expenditure. He considered that the wajfturxpenditure of ! £3,000,000 ou<;ht not to have been thrown |did|not wish to rush the bill through thi " Ho|ise, as a'proof of sfwliieh they had utiodSev- £ ;TlTey^-4nMd nSJI l£t Jt complete works in progress, and landa under ne(rotiatielf|jineinflflil4aiJlJilin to ■fa whether it should be passed. Ha only proposed[toaak^djjoj^ to , to the second reading of the bill thai and topwe^-wUftithetiifd _ : readme; next t evening, when he wonlrt first Feaainjj{. .M^-a^oi m ,mmui^ncM £& sonithe House passed the second readinsf !IIRIJ of *J ej>iW. and then adjourned until 2.d5 —