The Waikato Times. TUESDAY, SEPTEMBER, 3, 1878.

Waikato Times, Volume XII, Issue 967, 3 September 1878, Page 2

The Waikato Times.

TUESDAY, SEPTEMBER, 3, 1878.

Equal and exact 'justice to'all- men; Of whatever state or persuasion) religious or political. *"» * * * Here shall the Press • the ipßOPiiHrls right maintain, Uhawed by >inflo.encfli and unbribed by gain., _. m „. .„,.-,

The tables aUached'tb'the'Ffnancial Statement are, many of them,"exceedingly interesting, ,and not the least bo amongst thein is that wnich shews, iUS-^fc,/- a j glance the ways and means of the Public Works Account, embracing the. total expenditure up to the «°oih'of ;Jifne last. The colony stands committed to. a large, amount of indebtedness—the sum total of public debt, including the loan .just raised, is close upon twehty-oiie millions sterling-—and it interesting' to see how much of that money has been expended in reproductive works, and what we ha ye got fpr it. The proportion of the.public liability to be debited to the Public Works and Immigration Account is about two-thirds of the whole, or £11,095,412. Of the other third, the larger portion was absorbed in consolidating liabilities, Colonial <»id Provincial, < which existed previous to the initiation ! of the Public, Works Policy of Sir Julius, then Mr Vogel, and which caiinof |here|pre,,bo taken in connection with that scheme. It

was spilt milk, over which (lure is no use in. crying. Wo gto9||Pß'h»i;efoi , o confine ourselves

portion of the Colony's iuiJteUiiess i'oi" which the Public oru||kßchome is fairly chaigaUe. jthMjS 14,000,000, there is as tedj||p ofchor day by the Minister J PJfTjc Works, a sum of about slill unexpended and This lcavts a sum of £12,000,C00 to account for,, which iniuiigrai bi, including-' locating' of immigrants* £1,634,037 , on Ddon land purchases in the North" kmmO JJSIJOMg wXFelFsupply mines, £10,835 ; telegrapu extension, £299,652] public buildings, 'jeaS3j-eps|jv light-houses, £7l/,6f Sf 4^7)3^j4);j;a47aijcej^ A £]i.'ovince otf Otago, £s'i>J9l : charges on siinkmm?. ia2l ? Bi-fiQQi'pro«i6ji'Jßj92^B7o;' Deduct. «sa'» million, then, .for cost "of raisin'g lQaiis/.'jipJ!ere3t|/(pa^4 A iqu,tr of cap|itViV ; [ings, s and ( j B we the., remfjindei;. spent? iupoijiritwhatJ ; laid,claim to f as repr ( oduptiye. wojrks. A^)^i:ii he ?J MVejnillio,ns already spent we have close upon eigrht - E llAfttil «mf Vi'O'V n<|j.v.-i[| -} , l :>:y; I';°, , , »," a .f 4 ded upon railways andj^iramigputioii, tolly, iio w available ' , ste%d^ ,, 'b^,• , a^' , prbp&ed, I expended on_ railways, we shall out of (bfeAJW'J&H \fof, fourteen, millions roads, an,^railways, on whut Ki;iy ,hje } vvojks, no less a sum bhan W,W, 4u ; oV i;! Tfie^esen J t Solony' unmistakeably that these works liavs >l ha& prospen.tiy\.. lslnat alonefdqe toj the mtrj expenditure of so much moiieylM JThose'wh'o.i in New Zealand, and especially in the North;/ Island,-' during >the time that | the Imperial troops were here, money was '-"spent in millions also, prosperity which that expendi r ture .• .broughlj #bout.. The prosperity collapse! almost as soon as .; the • r .expenditure : ceased, ! and Auckland, , 7 ,'wl.jbh', was the dliief I i centre joi* 'a/iguished iincler l #^nlnJe\'cili s -' ; depr , till gold at the Thames" gave her a new lease of prosperity. •■' The expenditure of money under a system of Iromigra-: don and Public Works has had a! very : different' effect. ' Population and wealth, have increased. :The r.evjenue has, reached a r sum which would have been considered fabulous ten years ago, and. larid. has realised ; \Dot merelyr tor speculation but for actual use, tjuite as marvellous. The colony was like a large, naturally";rich, but'neglected estate half tilled aridinconipetently managed whiph/.jneeded ;f , but, ; the judicious application; of '<; '-.capital:- t0 develop Its value. This,, the Public Works Scheme' has if d6iie for us, and we thiiikj; 3 as /r tber,,figu,ves above cp-ioted snow., with tolerable economy in its application. - ■■■■"■ ' I (i largest [item of expenditure is thatroi -urailways.j ; : On (these, a sum of £6,843,499 has been expended;;' fi ; r^do!''! to ;this the sum.of £958,000, °io : \ complete unfinished railwaysdin rijhe; North Island, and £1,087,000' to "complete unfinished ],ine*s -iii tne ir ßtiddle Island,' and we shall have for a total expenditure of £8,8W499 ,; 50me' [ 1299. miles of railway, in J bothislands, at an Average cost of, as-nearly as possible, f .per mile. 1 -In Victoria the cost 6s -railway, construption has been at'the, and while we in New-Zealand shall have secured oyer .1200 miles of railway for less thaii'riinc millions sterling, up to 187;4,Victoria had obtained 4411 miles* ofV railway only for an expenditure of over eleyeu millions and a half. '