THE TREASURER'S DEFENCE.

Otago Daily Times, Issue 10417, 20 July 1895, Page 8

THE TREASURER'S DEFENCE.

.".. ■ ;, ■•L ■ ";'TO>THE BBITOH.

Sis;—ln reidbg" the Opposition opinion as uttered in Parliament and expatiated upon by yourself 'and the Wellington Post ansnt the Treasurer's speech to the London Chamber of Ciimtneroe, of which so much .is being made, it strikes me,: as it muss have struck others, that the gist of ths criticism goes to show ths governor of the Bank of Eaglaud aad the financial brokers and moaey-leudera must be very easily gulled paople, with no business ability, about, ttteia, or elae ths Opposition must imagine that" the people of New Zealand, in spite of their hsviug twice retained a Liberal Govgrnmeab, are convinced that the Opposition cjofciin the besb financial experts in the world. "Where ignorance is bliss 'tis follow to be wise " is certainly applicable to the 16 Oppositionists' and their organs. :,I« it possible, of doubt that the- position of (he securities named is perfectly well known to such an institution as the Bank of England, who would hardly give their countenance to the issue of a loau: bolstered up by false representations, leaving aione the fact that English financiers ara nob in the habit of lending money without first thoroughly knowing aU the* attendant bearings ? Prom your special London correspondent you tell us " The governor of the Bank of England eulogised our Treasurer's financial ability aad success," a compliment, more likely to carry weight than the vindictive criticisms of disappointed Treasury bench seekers or the venomous attacks of- the Wellington Post combined with the rabid utterances of that auasi-Liberal, Sir Kobert Stoat. When the Opposition turn bomes let them do as much for the colony as the Treasurer has done, and they will'then find that the art of " mud slinging " is not so well known as to the present Opposition.—l am, be.,...

Mbrriington, July 15;

S. Potntz,