THE Thames Star. MONDAY, NOVEMBER 16, 1925. HOME BORROWING.

Thames Star, Volume LIX, Issue 16645, 16 November 1925, Page 4

THE Thames Star.

MONDAY, NOVEMBER 16, 1925. HOME BORROWING.

“With malice towards none; with charity for all; with firmness in the right, as God gives us to see the right.”—Lincoln.

Apparently, says an exchange, the New Zealand Government intends to be a little more moderate in respect to the next loan to he issued in May next, as the amount is to be fixed at £5,000,000, as against £7,000,000 borrowed this year. While the reduction of two millions is commendable, it is likely to have some adverse influence on the conditions of prosperity. As with the decline in wool, mutton and lamb, which now seems inevitable, our returns from exports and from loans will show a contraction of from 7 to 8 millions, which must be felt by the community. Thus the Mercantile Gazette, on the result of the elections: —“We are glad that Sir Joseph Ward has been returned, as the Government will have the benefit of his wide financial knowledge, whether he nominally joins the party or remains aloof. The Government is not strong in finance, it seldom is, and Sir Joseph Ward’s counsel and advice will very materially assist Mr Coates in coining to a right decision .upon all matters affecting the Dominion finance. The people of New Zealand, by their decision, have imposed a heavy responsibility upon the Premier, who is a comparatively young and untried man. 'His success, so far, has been due to his management of railway affairs and to his personality. His speeches impressed the electors; a tone of sincerity ran through them and they came to the conclusion that he was not a mere political hack seeking election as a means of livelihood, but an able, straightforward and reliable man, who looks upon politics from a higher plane than most aspirants, one who will consider the interests of the country before his own, a man who has the qualities of which statesmen are made and who, above all, will see that everyone, no matter how humble may bo his circumstances, shall receive, equally with the most affluent, fair and just treatment. We believe the public estimate of our Premier will be realised, and that some years of sound and stable government of the Domniion are assured.”