The Wairarapa Daily. SATURDAY, AUGUST 18, 1888. Our Aurora Australis.

Wairarapa Daily Times, Volume IX, Issue 2980, 18 August 1888, Page 2

The Wairarapa Daily. SATURDAY, AUGUST 18, 1888. Our Aurora Australis.

%. some time past people in New Zealand lave locked lipoii Victoria as jißprt'of "Aurora Australia,"whose •refulgence was', destined to brighten tfe sombre horizon of this less fortunate colony. ; Ope' influential journal in the Middle Island, the Lyttletph 1 Times, recently despatched a special to Melbourne . to inquire after the ioom wllioh was popularly supposed to. be in course of incubation in tliat city, for the benefit of New Zealand, In vaiu did he search among the financial Melbourne magnates for some enterprising projectors who were about to despatch a few millions of money for investment in real estate here. This correspondent found that the Victorian financiers were engrossed with their own business and tliqt they found at home, afc'; present, a sufficient Mi both for speculation and for, investment. .There is, in truth, a better carcase for such, monetary eagles in Victoria than in New Zealand, where that b,usy ant,, the Colonial Treasurer, takes all the meat off -the :boue with 'taxation. There are better pickings in Victoria than with'us, but still we are sharing indirectly in the good fortune of our neighbors in Happy Victoria. Are they not relieving us of our unemployed and-finding some, thousands out of their' millions to stimulate our Kauri timber industries in the North Island, and our mineral' resources in tho south? We shall indirectly share in the prosperity of Victoria,' arid, after a, .while, possibly participate in'its "reverses.'' For the present values are unlikely to be Very rnuob disturbed, in this colony by Victorian capital flooding: us, but at the same time we may expect anun-

uMlly large number of visitors from .jll&i othet s|de % during the, coming, 'simmer',' and.some practical and ceiy tain benefit'from their presence among nsijln tlievjnterim we mu&fr'stillv pursue thatpolicy of retrenohm'ejit.an^ 1 Be]f-rei)aiice..wi)io|i of late M been forced upon us so prominently. Values are rising with' us, as witness the report of the Wellington Meat Export Company, published in our last issue. If a tidal wave from Victorkdoes'not 1 launch us on a prosperous voyage the development of our frozdn'meat and, other local industries will at least .keep our heads above -water, and; in the lpiig* Alfa; )prove| possibly <a ; better ' friend.' ' !