unknown.

Hawke's Bay Herald, Volume XXX, Issue 9896, 24 January 1895, Page 3

unknown.

H|^^^^Hfe' TeT y interesting disousHhBHI^^B your paper on the finant^MU^Uß^m lt Bffecto this colony. I going Into the question j^HH^^^^Hfa-cornered fight is generI have colleoted ■HBH^^Hlch are not the opinions R^^^^^^^^Bkiat) authority on, finance, |9^^^^B^^Sati part able men who ■j^^HH^^lSelr point of view, bat Id dealing I shall therefore theory o!^ the opioiqnu of any j^Hned professor. -Y-jtAV elvel actual j^lres, whiob are official. Hayfter, the BHernment statist of Victoria, fofttHgs the publlo debt of the ÜBSC^} BHagdom and her Australasian colonies United Kingdom, £680,641,766; HBtoria. £43,638,897 ; New South Wales, |™,771,549 ; Queensland, •£29,457,\134 ; Australia, £21,183,200; Wes■K Australia, £1,613,591; Tsßraaoia, New Zealand, £38,713,1)68; ■b total ot £870,860,248. Thta does not Hftnde the debts ot local bodies or private Hst?. These are all debts which are not ■Hvertible into cash on demand. I like to be Informed :— l. M hether huge debt* is represented by [^Ber or gold? 2. If by gold, in portion of the British dominions an amount of gold Is held? l^^^^f-iJiere is not gold in London 'o ■^■BHBLte > i >ab " c debts, how can the ■^^^■■HHthe l eßnß of paper money IHH^^^Hb^ necessarily means the " be supported? It N^H^^^Hflfeknow-jthab so far back ■^■^H&uiMMl^hUi^elony HH^H^H^^^Bl^H^Hpcc at a ■^H^H^^^^H^^^^^HKhat Aot H^^B^^H^^^^^^^^^|has not, put Into ■I^^B^^^H^^^HHMsmnb share ■^^^^^■PPH^P^Rot, and both on af, that time and in the Honse, I snpported the which would be of imto the country. that in my opinion a very j^Hj^^EHL of the immense indebtedH^^^^BHBfferenb Governments, which more than half of the HHH^^^Bnyate indebtednesa, never gold.— l am, &0., ■■^■■^■p \ F. Button. HBH^g''/23. 1895.