Taranaki Anniversary Races.

Hawera & Normanby Star, Volume XVIII, Issue 3087, 30 March 1892, Page 2

Taranaki Anniversary Races.

A good deal of interest ia ttkavintboW Taranaki Anniversary races to be held to- J morrow. As the weather gives ever^l indication of being fine, and from the 1 acceptances there is likely to be some A good sport. Special train ftrrangenaentft/ are advertised, and there wilt also W v rednoed fares. . \ ; ====== ,*-v Tbe Government and the New Plymonth Harbor Bondholders. (New Zealand Times.) Ligrji has been thrown upon the re* marks or tbe chairman of the Council of Foreign Bondholders, referred to in ye* terday's cable message, by a letter Co the Premier from tbe chairman (Sir J.Lub»ook) received by the San Francisco mail. 3ir John's remarks were to the effect that ie regretted that for the first time in itt history the council's aid had been invoked in favor of a colonial loan, and that he hoped the New Zealand Government would reoognise the justice of the claims of the S ew Plymonth Harbor Board bondholder* Io bis letter, Sir John Lubbook, after acknowledging tbe Premier'? letter of December Brd to tbe effect that without Parliamentary s&notion the Government cannot create a precedent by MBominff^ any responsibility for tbe New Plymonth Harbor Board loan, avers that tbe argn* ments of the bondholders have not been replied to, and lorwards a copy of tbe following resolutions passed by the bond, holders in 'consequence :— No. 1. That this meeting have heard with regret the letter from the Premier of New Zealand, and that in their opinion the treatment received by the subscribers to the New Plymouth Harbour Board Loan justifies an opposition to the quotation of any New Zealand loan. No. 2. That this resolution be commnnioated to tbe Oounoil of Foreign Bondholder*, and tbat they be requested to give the Bondholders their valuable support. The nature of the " aid " mroke^fl clearly set out in tbe above retoljd^^l The Chairman .explains that wi^^^H Oounoil would b« loth to resort tp^^^^l extreme mfeamire, in tbe case portant a Oolony, they would lik^^^H vernment to reconsider their d^^^^l tion. In support of that reques^^^^H that the claims of tbe New debenture-holders rest on specta^^^^H ciroumstancee applicable to no 4^^^^| Zealand Local Loan ; the colony^^^^H curred responsibility in this casfl^^^H "depriving the debenture-holderl^^B purposes of public utility, of tMe reveHH pledged to them by the colon*.'! As thtfl Council consider that the/ debenture.' holders have suffered tbrouali the Legislature, and are, theiefojp/^iatitled to relief from thJ ' sapae source, they hope the Gtoverngenyrwill reconsider its deoision f and that the question may be settled in the interest of the oolony and the bondholder!. The Premier, we understand, forwarded with his last communication to the Oouholi a summary of the debate ia the House m| tbe subject, which of oourse gave tbe oast] from tbe colonial side fully. This the chairman appears to have ignored. It v the Premier's intention to send him at an early date roll reports pf all the debates on the subject, and also the reports of the ttro committees wbioh dealt with it !Ehe reply to be sent to Sir John Lubboek'i letter the Government is, we undontaod. considering. -'