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Poverty Bay Herald, Volume VI, Issue 954, 19 November 1879, Page 2

A special London telegram to a contemporary sßys :— lt is rumored that the London Commission, presided over by Lord Carnarvon, to inquire into and report upon loans transacted by different British colonies for railways, harbours, and other improvements, disclosed the fiscal policy m several instances to be such that, if not checked, it may lead to the creation of Imperial indebtedness, which may strain the colonies to meet their liabilities. The investigation disclosed wide-spread defects m the borrowing powers of the colonies. Steps will no doubt be taken re presentation or otherwise of a report on the financial powers exercised by the colonies. The Chinese are turning the tables on the Christians. Wong Chin Foo, who is a very learned Chinese gentleman, has established himself m Chacago, and undertaken the task of converting the inhabitants of that city to the Confucian philosophy. In his opening discourse he says. — " I have come to tell the Christians of this wicked Chicago that there is salvation for them if they will give up their religious mummeries and embrace the sublime principles of Confucis.