THE NO CONFIDENCE DEBATE.

Waikato Times, Volume X, Issue 840, 3 November 1877, Page 2

THE NO CONFIDENCE DEBATE.

Thi following, are speeches of the Hon. Mr Larnach, the Colonial Treasurer, and Mr Whitaker aUaded to m our telegram of Wednesday night:— "The Hon. Mr I arnach reawmed the debate. He said that before moving the motion whioh led to the vote that t lrned out the late Ministry, he had stipulated that: he should not be required to take office ; but he had been forced to do so, and he had only been able to form the Ministry with the assistance of Sir George Grey. The fortnight whioh he had been m office had not enabled him to prepare the Financial Statement, as he had only obsaiaed the returns of the provincial liabilities on Friday laßt. Other returns were not even yet ready. As to his capabilities for office he held, he had certainly negleoeed no duties during his term, and after 23 years banking experience, and four years as manager of probably the largest firm m the colony, perhaps it would be admitted that he knew as muoh of figures as Major Atkinson did, and he thought hiß name would carry more weight on the London Stock JSxphange. The present liabilities of the colony were, he found, £24 200,000. A loan «i £5,000,000 was wanted for immediate, »nd m mapy wore »Ulious to

oinplete works. Icead or going into pawnbrokers' finance m a baok street they should go operfy uid boldly to those m London who had already la at them all On Saturday laat the ifSKKiraccbupUnt hid £112,602 17a 6d to jSebit, atad 1.18.000 wu wanted 10 remit o.^£&awto-to meet interest dae there on i»ru%H. He had been attacked m geiirenWl to .the Land B^jll. Nearly all ||c laffljlM had was freehold. He WmreiWfßM that biU become law, and ffiif iujWselffsh interests to advocate m ttogppmse, he was prepared to support -aproperty and inoome tax. Mr Whltaker doubted the aoouraoy of Mr Larnaoh'a statements. As to the ao- £ cusatton-made against him by Mr Balanoo tho traaiaotion m question bad been investigated by a Select Committee of the House, and the evidence taken there iiHfftilftft^befl aaawer to the ohargea made. The fact alleged by Mr Ballanoe he flatly contradicted. He believed the report ef the Committee would fully justify his action, .and he oonld not understand how Mr.,BaUanoe, who had supported the late Government so long, was now taking np the tone and position he had assumed. He contended that Sir George Grey would have ne right to demaud a dissolution until Major Atkinson had tried and failed; to form a Ministry. Hia aympathiei were with Sir George Grey m giving, np separation, for he was now convinced that it was impracticable. If Sir U«org« Grey had abandoned this earlier, probably the present metion would not have been brought down, tfe thom'ght the Land Fund most be oploßialued. The emergencies of the oolong and its position demanded this. If the Government did not do this, he would next session raise the question. The Consolidated Revenue could not bear the present burdens, aad local bodies would require to depend on lecal taxation. Even if the present motion wa oarriej. be would not again take office.