Either the financial state of the Colony is not nearly so bad as the Colonial Treasurer has represented, and the Government are not in earnest in their retrenchment, or they have not yet got rid of all the extravagant habits contracted by the rulers of the colony during the floating up and down of the money introduced by the great public works and immigration policy of Sir Julius Vogel. Now that the originator of that policy has elected to retain the position of profit which the Chairmanship of an important financial company gives, and to accept the alternative given him by our Government —namely, to resign the Agent-Generalship—we had thought that an opportunity would have been taken to dispense with the position of Agent-General altogether. But this has not been done ; instead, we find that Sir F. Dillon Beil has been appointed, at a salary less to be sure than that paid to Sir Julius Vogel, but still large enough to be too costly. Borrowing has ceased, and is not likely, or at least ought not, to be renewed for a long time; immigration, at the colony’s cost, is at an end, and therefore all reason for maintaining in England a costly branch of the New Zealand Civil Service appears to have been removed. The colony is not in a position to afford luxuries of this kind, and we are rather sorry that Government have not seen their way to do without the English establishment altogether. Sir F. Dillon Bell is to do all the work that Sir Julius Vogel has done hitherto, and is only to be paid for it ,£1,200, but this sum does not represent all the cost of the Agency in England, and as we said before, the English establishment is more costly to New Zealand than in its present circumstances New Zealand can afford.
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