Mr Chamberlain's Tour.

Taranaki Herald, Volume L, Issue 12170, 20 January 1903, Page 2

Mr Chamberlain's Tour.

SPEECH IN. JOHANNESBURG.

FINANCES" OF "THE COLONIES.

A REPLY. TO "COHEN. "

United _Presa Ass^d-'tion.^-By Electric Telegraph. — Copyright. •Gape Town, January 19. The guests at the banquet in Johannesburg included Lord Milner and General - Botha." The ' Major presided. Mr Chamberlian received the,.^greatest ovation that^has ever beeawgiven "to anyone in ,the 'aistoi\v-of burg. , His. speech * dcoupie'd^n hcurand a half .in delivery. He announced that with a view -to ensuring practical and immediate results, and fixing a 'snum instead 'of ear-marking indefinite , ,surplusesj he had secured an authorisation to ac- ! cept a scheme based, as tp the. first Ipart, wholly in the Transvaal's fay- ! ovur. ' , ' . | Parliament -would guarantee ■ an " mii vestment loan oi 35 millions, on the secuirity of the assets of the Trans-vaal-and Orange Colony, which would 'be raised Jhe moment' it was- sanctioned; to pay existing t debts,. b«y and ■ construct railways, and promote land • settlement,. -.^s.v.Tr .!'-,."■';"' •, . A war ; debt loan o£ tbir^.jmillions i would be placed , at' the earliest op- | pOrtunity after the other loan, on the j I security of the Trafisvaal's assets. ;,j Financiers had suijscfifoed anMnsitttT- '1 ment of ten millions,- without com- 1 mission, or preferential security- as-re-| guards the remainder, /thus -assiiring, the 'success of the loan on the Londqn^marMt. - Thi,s-, would.-p4a.ee .no, tindue buiden on thfr ; Transvaal, -the jyr«v. therland accepting, an adeqiiate and liberal sharo. :.-•,' , i >.\ • The Orange Colony .woj.ild.jnot „;be asked / tp f contribute unlesjs her resources hereafter wamuited^ii. . - >.t. t Mr Chamberlains replying to Mr J. B. Robinson's recent A statement that it wasp' 4 ' lmpossible 1 foV-Downing-street .to wholly rule any portion of South Africa, ,was -w3ctly r - jftpipiauded when.he declared" that neither Boev nor Briton -wisihecl to substitute • Mark Lane- for DowninGf-street gove?*nm^nt. ""OBte ■ added -that self-gov-errtmeiit would be srranted when security and permanence of existings order were secured, | .« „ -