NEW ZEALAND'S REPUTATION IN ENGLAND.

Nelson Evening Mail, Volume XXII, Issue 242, 13 October 1888, Page 4

NEW ZEALAND'S REPUTATION IN ENGLAND.

Tbo European Mail of August 20th has the following : — So tbe Britain of the South is advaociug a^ain. At la .t it if beiug admitted tha 5 N.-w Z-alo_d is slowly bur. cur ly ge ting through aU finanoi .1 troubles, nnd tbat an era of solid prosperity i . again at hand. O thing seems cerfain, and that is tbnt owing to rscent rieprtesion much valuable and "real" property has been bought up hy astute Victorian capitalist. , ! and now the inevitable reaotion hae cc' r > in ■ strongly, and tho " r argains " of the last few years cannot be repeated ad libitum. Of en aud often during the period of tbe late depression have I di.oussed the subject with New Zealanders hero, on 1 I oan freely say that one and .11 hava assured m a > that all the printed " Bearing " remarks regarding tho material state of New Zenland have been based oo ih^ desiro of those who know a pood thing when they see it, and who hoped to buy cheaply, against the happy Mm*, now at h. nd, when all clasee. of ir.v«'sment. in New Zealand should be decidedly •' looking 1 up." How can things be otherwise? '« The Colony," as nn old Cmterbury mnn remarks to me, " fans borrowei largely, and sis tbe pnblio works are ali on a democratic b sis, worked practically by the people for the people, how could it be reasonably expected that a really high rate of interest could be secured ? Take the r .ilwaye. Fares ore made as tnoder.te .s possible for the benefit of the oolonist?, and per contra the pay of the working .taff is pub up as high f s poa.ible. Wel 1 , this i-< all right enough, hut , na'umlly the earnings conl . no v . under such ] a regime exhibit ony remarkable i n or.'as^ ; • and," n_ my fiiend went to soy, " the b_ me principle rurs through everything." The n^t result is tha^, although oa tho s'aiftics - I of the publio expenditure and income the ! sate of the colony wsb unpromising from a j financial v i.w-point, the people individually j were doing remarkably well, aod, after all, [ is not that the main thing ? Now tbis mdi.- . vidual progress and prospori'y begin to tell, \ tha truth cannot well be oonoealed ; and a I co called discovery is made that New Z.a---b land is doiDg very well indeed. Why, we > i ld-ex. erience 1 colonists bave know this all 3 along-, •nd smile at the "discoveries : ' now b making ry tbe various financial Solons of ! tha City cf London 1