POLITICAL JOTTINGS.
[From the Times,] Ihportast financial proposals, Tho Government havo in contemplation tbe carrying out of financial arrangements that cannot fail to be of advantage to the Colony.. It is the intention to liberate the whole of the Colony's guarantee debentures iu London, amounting in the aggregate to £476,000, so that this sum shall remain unpledged in the bands of the Agent-General to be ready as a reserve against any temporary contingency that may arise, In order to give effect to this proposal tho Premier is introducing a measure called tbe Public Bevenues Bill, which contains provisions authorising the issue of £480,000 worth of Treasury Bills for tho purpose of redeeming the guarantee debentures in London.
A member of the Legislative Council estimates that the fall in wool last year caused n loss to New Zeatad Of £BOO,OOO, wet weather has Lad, we are informed, a serious effect upon the railway revenue, People have not travelled so much, and less firewood has been carried. The Railway Commissioners do not like the drop, and they are hoping for some more sunshine. The Premier has recoived a letter from tho Earl of Meath, who recently paid a visit to this country, in which he urges the introduction of a Crofter population. The Earl is president of a Colonisation Society in Great Britain and a man of much influence in political circles at Home. New Zealand is not likely, wo should imagine, to entertain tho emigration proposals, Tho Government intend to keep at the Land Bill steadily during this week,and hope to get it through. Tho Government Loans to Local Bodies Bill proposes to give powers to the Government to create a sinking fund to pay off the loans as they fall due.
(The Premier has received a cable JFsEßge from the Agent-General in London stating that he is making representations to the English Government with regard to the San Fran? ckomail contract, and urging them to abandon tbe proposal they have made,
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Wairarapa Daily Times, Volume XIII, Issue 4205, 30 August 1892, Page 3
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331POLITICAL JOTTINGS. Wairarapa Daily Times, Volume XIII, Issue 4205, 30 August 1892, Page 3
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