THE FINANCIAL STATEMENT

Auckland Star, Volume XVIII, Issue 256, 31 October 1887, Page 5

THE FINANCIAL STATEMENT

THE FINAL REVISION,

A MILLION STERLING DEFICIENCY BILLS.

(BY TKREURAriI—SPECIAL REFORTER.)

Welmxotox, this day. Thf. Cabinet meet this afternoon to finally revise the Financial statement, matters have been so focussed that Ministers can now see their way to confine future expenditure within the revenue of the colony, but as these are Deficiency Bills to the rune of just one million sterling iv circulation a loud will have to be asked for to meet existing liabilities.

The M-dland Railways.

The Midland Railway business is in the same position as when" the House met on Friday. The probabilities are that tomorrow the Premier will move for the appointment of a Select committe to consider and report on the whole matter. The Government indicating, the course they think ought to be pursued. Major Atkinson will probably explain that the Government object to the concessions asked for but are willing to waive the right to alternate blocks on one hand wliile reserving the right to fully conserve mining interests on the other. On this basis a satisfactory solution of the difficulty may be arrived at. Miners seem determined to confuse the Company in selecting their lavas to the prescribed. area of nine million acres mentioned in the original agreement.