THE NO-CONFIDENCE DEBATE.

Otago Daily Times, Issue 10418, 22 July 1895, Page 4

THE NO-CONFIDENCE DEBATE.

(Pert United Pkess Association.)

Wellington, July 20. The following portion of last night's Pariia« ment was omitted in transmission ::—

Mr G. W. RUSSELL said the .Opposition afc first denied that tbree millions of securities were in London at all, but they now tacitly admitted by the wording of their own amendment that the securities mere there. He pointed out thafc the Treasurer's speech to the House last session had b<-en greatly mi-represented, and he quoted Mr Ward's reasons in full for the early collection of the land tax. After referring afc some length fco the question,of securitiss, he said fcba Treasurer had acted fairly and squarely in London, and had represented at Home that thb colony r-ould not possibly make default; as long as they had three millions of unpledged securities lying i ale. He as«_rte_ that il tbe Treasurer was prepared to use the trust funds of ths colony for tbe purposes of ordinary flounce he would be prepared to vote to turn fche Government off the benches; but all their experience cf the Tre-surer proved that he had no interij tion of doing so, but; was only anxious to mainj tain a.strong finance. The Huu. W.J. STEWARD said thafc the Treasurer, when making his statement* in London, might have said a little more than he intended to say, but" if Captain Russell had waited till the Financial Statement came down he would not have made the mistake he had made m proposing this amendment. He held tbat if they bad au elective Government instead of a party one, the whole of this debate would have bten avoided, as everybody knew that the debate .was a bogus one," and wonld effect no -{nod at all. He opposed Captain Russell's amendment.

Mr MILLAR thought the Opposition were like a drowning man catching at a straw in bringing down this amendment, and he. could not wonder afc the Treasurer making & slightly exaggerated statement at Home in the face of the damaging reports spread about the' colony. But he did not admit that Mr Ward had used any exaggerations, but had shown such foresight as had prevented any crisis occurring in the colony.