MODE OF RAISING THE REQUISITE FUNDS.

Hawke's Bay Herald, Volume 7, Issue 438, 18 November 1863, Page 5

MODE OF RAISING THE REQUISITE FUNDS.

The next point is, how to procure the money? It is not necessary, and certainly it is not desirable, to raise any of this by additional taxation, whether the Colony could bear it or not. It is not right that the present generation should bear the whole expenise of measures the benefit of which is to be reaped principally by their successors. To borrow on an Estate so rich in undeveloped resources, and so easily and rapidly improvable, as is a young Colony like New Zealand, and to borrow for the purpose of developing these resources, and improving such an Estate, is not only prudent, but the simple duty of those who have the management of it. Ten or twenty years hence, the burdens now required to be taken up would scarcely be felts by the Colony. This is certain. Let, then, the power and prosperity, the material wealth that the Colony would necessarily grow into in the course of twenty or thirty years, be, as far as practicable, forestalled and realized at once. It would crush us to take the burden on ourselves alone ; place it on the future ; and while me are saved — nay incalculably strengthened by the proceeding — the very future we shift the burden to is equally enriched and benefited. For if near 50,000 souls can be introduced and settled in the Northern Island at present, and the debt caused by their introduction be got rid of, say in twenty years, will not the Colony be to an altogether incalculable degree richer and more powerful than if the twenty years had gone by and no such amount of population had been introduced, and the debt never incurred ? The population caw be introduced, and the debt can. be paid off as supposed.