Wairarapa Daily Times. [Established 1874.] SATURDAY, SEPT. 15, 1894.

Wairarapa Daily Times, Volume XV, Issue 4826, 15 September 1894, Page 2

Wairarapa Daily Times. [Established 1874.] SATURDAY, SEPT. 15, 1894.

SKOOKD EDITION

! Tmmie aro a good many dirty spots about Mnsterton, and wo fear that sufficient attention is not paid to them. A Chinaman's buck yard was reported to the Council by its Inspector at a Into meeting,, and we were pleased to notice that tho Council threw tho onus of havingitcleaned upon the Inspector. This is ns it should bo, When an Inspector reports dirty spots, it is equivalent to reporting himself, as it is clearly his duty to act, rather than report. It is not, perhaps, altogether Mr Ingram's fault, because formerly he used to bo snubbed by the Council if lie displayed any particular prejudice against a nuisance. Consequently, ho has got into a habit of not moving to suppress necessary offences, till he lias been patted on the back by his employers and encouraged to take proceedings.' This, however, is a false position, and the sooner it is altered tho better. We are told that the Chinaman's back yard, to whiclnvo havo already referred, still remains unclean. The public can draw no other conclusion than that there is a laxity of administration in this department of tho Borough Council, Tho advent of warn weather makes it imperative that nuisauces should be firmly repressed and wo hope to see the Inspector sent on the warpath in all directions, Ho ought to have full authority from the Council, and there is no reason why lie should hold his hand either for white men or Chinamen,

O.v Monday kst when wo commented ontho" Advances to Settlers Bill," wo werea littlo at sea respecting tlio payments which would have to be mado by borrowers, because our copy of the Bill had not reached us, and our Wellington contemporaries, who have earlier opportunities of studying new measures had givo.n but little information on this head, Wo estimated that it would take something; like 1\ per cent to clear off interest and" principle in 36j yours, but since wo iiavo yead jibe measure we find the re-pay menjs are on a sliding scale, and that as a loan becomes extinguished the rate of interest increases.. For example, a borrowerdnring the first year would pay 6 per cent for interest and principal, but by the tirao his loan was ten years old the''diminution of it would make his annual payment 7 percont, fa twenty years time tho £6 por annum which bo would still continue to pay on .each' hundred pounds of his loan would be equal to ten per ceut on tho money to

then owod, and m thirty years to twenty per cont. At the outset .the payment, consists- in the main of interest bntas the36| years wear on a larger proportion of the annual payment is available as a sinking f uud.' The arrangement is a'uadmirablo one for a borrower. It is on the same principle on which a Building Society makes advances. The State becomes a gigantic Land and Building Society, but itproposes to make the advances at rates that would wreck any private enterprise and this,'of course, is the weak point of the project,

Press opinions on the proposed amalgamation of tho Bank of New Zealand and the Colonial Bank are! not worth much, because the press does not know the real position of Gflobo Assets Company, and it can only conjecture the position of the Colonial Bank. Ave wo asked to pity the sorrows of a poor young )3ank,oris the institution in question able to hold its own ? The press and the public know not unless a few persons behind the scenes are informed, and it is even doubtful if the Government have mastered the subject. Wo can only hope that fresh Legislation will only follow upon an exhaustive enquiry into all the essential facts bearing on the question, We presume that on this occnsiou pressure is being brought to hear on the Government by the Colonial Bank, and tho Government in its turn will put pressure on its party to give tho assistance which is sought for.--The whole thing seems to be queer, for there can be no doubt that the present difficulty has arisen out of somedemaiul made by the Colonial Bank on Ministers, and that the amalgamation project has been attempted in deference to some expression of opinion from the Cabinet.