OTAGO.

Press, Volume IV, Issue 488, 23 May 1864, Page 2

OTAGO.

The Superintendent has at length succeeded* forming a new Ministry. Tho following is tbe report" ~ given by the Daily Times of what took place in the Provincial Council on tho evening of the 17th,who, his Honor announced to the House the fact tint be had obtained the services of another executive t— Message No. 13, was introduced and read v fol. lows : — " The Superintendent hns to announce to the Pre. viucial Council, that the following gentlemen have become members of the Executive Coimcl namely— "James Paterson, Esq., M.P.C, Proriwal Secretary. "Henry Clupeott, Esq., M.P.C, Provil-i-Treasurer. f ' ■ "Henry John Miller, Esq., M.P.C., Seeretarr of Public Works; and - - John Cargiil, Esq., M.P.C, and James Adam. Esq., M.P.C, without office. " J. Hyde Harris, Superintendent." "Dunedin, 17th May, 1864." The reading of tlie Message was received with ip.. plausc, which wua continued when the members of the Executive took their seata'at the table. Mr. Reynolds : Before proceeding with the question " on the notice paper, Sir, 1 should I_e to give an explanation of what has tuken place since we met yet* terdtiy afternoon. I then stated that I had been requested by His Honor the Superintendent to form ' on executive. I proceeded in my endeavours to do so until this morning, when I heard that Mr. Adam, the honorable member for Tokoinairio, was making j arrangements for the formation of a new Executive, and that ho was prepared to name the members of it. Such being the case, I waited upon His Honor thi Superintendent, and told him that although I wiithcfi in v position to form an Executive—and one which I believed would possess tho confidence of the Home," yet if the honorable member for Totomairiro would undertake the duty, I was ready at once to r_inquish it. I know that had I proceeded to the actual forma*" - tion of an Executive, it would have entailed greet personal inconvenience upon the members composing it; so that I knew I was consulting their interestrsi well as my own, in deferring to the honorable member for Tokomairiro. I believe tlie Superintendent took advantage of the suggestion; anal presume- - there —ill be an explanation from the Government that His Honor had called upon the honorable «•_• - ber for Tokomairiro to form an Executive. . Mr Adam : Sir, the position of the question of forming a new Government was quite altered, in my estimation, after the notice given yesterday, ofirer/" extraordinary motion on the part of the honorable member who has just sat down. That motion TO intended to reverse the previous decision of the House which led to tlie resignation of the late __tr try ; and after the notice had been given, the Council - adjourned. During the evening, I found myself sob*- _ jeeted to censure on the part of some who had voted with mo on tlie resolution, because I badmsdsso -- effort whatever to form a new Executive ; bat whs(V ever lack of zeal I had before manifested, I felt nous j after the notice of motion given by the honotays [member (Mr. Reynolds). I resolved, therefoMj *•_ use every effort I possibly could to M_«r// out of the supporters of the resolution which led It - I tbe resignation of the late Ministry. With tn ' view 1 saw some of my friends this _ornia| | and after a good deal of persuasion, I induced »c honorable member for Dunedin (Mr. Patanoojto accept the Secretaryship, should a Goveanmejit & - formed by mc. lat once communicated-wi»hfc» Honor, aud informed him that steps we» becettM* with a view to withstand tiie resolution of &,'£* —that tho result, instead of feeiliut_f I** o ] would bring the Council to a dead-Joc>**-**»# * said that I should like to know wlrfWe«■»' , honorable member (Mr. Keynolds) was littff * succeed in forming a Ministry, *,P""*JJJS which 1 had great uoubt*. 1 said **»*■-* ""£ call back in an hour to learn how ""rJ'JES' so far as the honorable member was concerned. Ou returning, I his Honor to tue what endeavors I could J* "PJJ Government. I immediately coinmumoatej>**Vj - gentlemen now around this table; * n( ' | you know from the message read to the How* "will be one of the subjects of •* n^ House that whether or not we lack capacity we m not shown lack of courage on this oca fjfj'ji am hope that we shall receive tbe support of on the measures that yet remain to besuouuiwI The Provincial Secretary: It will dottbttoj «• * I pected, Sir, that I should give » om «/ e8 *°?^ 0B t r position in which Ij now find ™y ßelf j. , ™| Tg* reason I can give is the pressure brougn* » _ induce mc to take an otliee which 1 did myself qualified to fill, aud to accept cidedly had a great objection. Bul - if the decision of the majority of tin ao^/ maintained, some one ready to entry on "V,|£pj r must step forward. I have declinedi o **^ £ fcft " occasions, and I now occupy a po_»«a »»» to myself, 1 should never have oceapu*. wpressure of my friends, and my own sense wj fe _ the public, led mc to cousent to do www * forward the business of the &<**!' ."„t„ceq wiU give _. their support, we stall «•»»*,* U on the business, simply and soleJy *» «\ rfeWr - the province; if they think wo are Ij te Udence.and wUI say so, we give way to those who P MM . fhe amlngc_en_ were t «»*l**£M&o** ago, we have not had time for potany way to acquaint °^ h- *^^ttaind"**"tion of the business: and "*» bMU .~~ a - b u us to P*" of an adjournment for some tune I» « n^ e j, «# pare for the discharge of our Le thing which _ rather pr^^P^Vt Bill relating to the sale of M*M£ * 0" to the resolution recently adopted oy v. that the information of the passingM k be sent home by and tha»-» question of policy we are agreed «odd the question on which not submit to the views of the -«W l J t .. e opkik* question of aupplj: We £& , that, in the present atatfl of »»&*■¥: ' - and the «„ Jat course for all ft*** plies for *x m ° at H,- oa Emitted tO.W noon that understanding will be «°

-..-**■ At the end of that time we shall know "ffo"**- ~e d ebentures have sold or not, and, with w betJM* we s j mll t! , e oettcr a jjT e to ent „. * 9re " V ?c discussion of future finance. As I have 00 *!,-principle of the Bill which we propose now ***fc ithas Dccn already affirmed by the House, _- ghouhl be little more than a matter of *** '"n* • but as copies of the Bill have not vet . » j j propose that tiie House be adjourned Sur o'clock. Ada™ seconded the motion, which was agreed Tnd the House adjourned. ** j)aily Times of tho 11th hns the following "*"-. * t g on the policy adopted by the new ministry.— rh Ministry includes sonic men unused to public „i Lid others who are not without experience in $?.'.. affairs. They seem likely to command tlie *° fidenceof the Council, and if they adhere to the - "r, that has tided them into power, we have no _!ht they will enjoy a long tenure of oflice. •T-itpoucvis to stop the disposition that for a long "vThasbeen growing up to rush into excessive tiditure. The difficulties under which the Pioare mainly to be referred to this cause. who, in one government or another, has iTm fficc for the last two years, has almost uniformly the course of plunging tlie province into vS* «.reless of the means of meeting it. At length 'ttSncil finds a debt of over £300 000, and estiit proposing to increase it—all upon the of t-J unnegotiated loans. The change of means that the Council will no longer saneprevious policy of expending- money bored bora the Banks in anticipation of the negoti%n of the loans. Th fir't act of the Government was in effect to k/the "loans negotiable, and to pave the way to t_" off the Bank. A clause had crept into the K_ Ordinances, forbidding the sale of the debenAd_i de ar. f rom one cause and another are not saleable, except at a discount. The large requirement of the General Government dthe numerous provincial loans, wailing negotiation. hav e lessened the value of such securities, and !__ tbe restriction as to par the debentures were Saleable. But on their security a largo amount of UD cv had been borrowed, so that it became a matter tf'&od faith and honesty te«nake them negotiable, muftis done bjr a short Ordinance repealing the __itation Clause, and so leaving the debentures to fctfld if necessary, under par. By next mail the xo r t i, e Government will be obtained, atid the Ml be «ent home. Meanwhile, fresh Estimates will „ nrepared, on a less wild and crude basis than those of the lute Treasurer.