RETRENCHMENT.

Wairarapa Daily Times, Volume IX, Issue 2673, 13 August 1887, Page 2

RETRENCHMENT.

. Writing on the above subject, tli.i Sydney Tribune, of July 29th, sayg ''Another Australasian colony, which m former times supplied us with a sig- 1 niticßiii; ■warning by iho consequences • ' of iIH extravagant expenditure, is Qti * the jiitwit time •giving mi admimblo example by its exertions .to bring about a thoroughgoing policy of • rotreiiunment. We recently pointed whp but the colli, reception" which the unscrupulous attempts of the New Zealand Premier aud his Treasurer to bribe and debauch the constituencies by seDemes of protection and outlay of borrowed money wore meeting with in the South Island, to which they were chiefly addressed. Since that .we' flee by. a paper of that colony that" tUo jk demand in the South Island for re* »T trenchment has got beyond a mere cry ' aud becomo a perfect roar," the necessity for retrenchment is said by the same authority to havo " taken a thorough hold of the public coavictionj - . aud, controlling a solution of the pre- " Bont financial crisis. The people," saya ' our contemporary," are now doiWand will booq have done, their part iti the 1 great business of rescuing tho colony from its difficulties, and it remains ,to bo seen whether the House aud the Government—the present or any new Government that may be called to power—will perform theirs," Uw New Zealand papers which we have W to hand fully bear out this account, and give us the opeotap|e of the organs of public opinion steadfastly opposing the policy of borrowing aud taxation, with which ' • the' Government is striving to seduce the poople, and resolutely insisting on the need of enforcing thasamg economy and readjustment of expenditure in public matters, which the colonists of 'fit' New Zealand have had, forced upon them in their private affairs by the-liard " .t teachings ,of experience. • What is ' wanted here is a similar spirit in tho i public imoressing itself upon the' " V. Ministry of the day, and insisting that what we want is not more revenue hut : ? to reduce our expenditure within the magnificent revenue we possessalready, •

"orations in favov of .economy tare to those which are put' ..forward so .fitrennously in New Zealand, then, and perhaps not til! then, .the rule of genuine and veal retrenchment -mid steady econon-y "a ill prevail, in aplto of the utm '4 machinations of >1 party, whose interest it' is to' distinanp.es.nnd. "deplete the 'Tr'easjiry to ihcjir of-pro.tecti.ve tamiori;-