THE Evening Star. PUBLISHED DAILY AT YOUR FOUR O'CLOCK P.M. Resurrexi. MONDAY, AUGUST 16, 1880.

Thames Star, Volume XI, Issue 3631, 16 August 1880, Page 2

THE Evening Star. PUBLISHED DAILY AT YOUR FOUR O'CLOCK P.M. Resurrexi. MONDAY, AUGUST 16, 1880.

The tone assumed by a section of the Home "Press towards " the antipodes " is now as virulently hostile as it was once extravagantly favorable; indeed we have no hesitation ia saying that the exaggeration of Few Zealand by the English newspapers is one of the causes which have resulted in the present depression. Carried away by their rhapsodies, and enriched by their money, we thought nothing could check our advance in the march of progress, when suddenly our dream has a rude awakening, and we find we have to face a period of depression and difficulty, and likewise the calumnies and inuendoes of our fair weather friends, the ' Press of Great Britain. Servile adulation has been replaced by bitter hostility, and ia future we may expect to hear nothing good of the " Britain of the South" from many of the organs of public opinion of the mother conn try. There are a few English journals, however, who iiave all through been honest critics, and without flying from one extreme to the other are prepared, to discuss fairly the financial position of the colony. The following article from a paper of this class—The Pall Mall Gazette —must be admitted as true in every particular :— "It is certain that beyond all casil, during three years the Colony must encounter great financial difficulties. Fortunate seasons may possibly carry it through the first, but candour compels the admission that, according to present facts and appearances, collapse .is quite as probable as success. At all events it is high time that there should be a cessation of the voluminous, persistent, and barefaced puffery of the " Britain of the Antipodes," not only here in London, bat up and down the whole country, not omitting the remotest corner of it. The Government and people of New Zealand have had far more of English money than is good for them or for us, and they must vow prove by actual remittances that they can pay the interest and sinking fund on tbe old loans by other means than contracting new ones."