Borrowing.

Wairarapa Standard, Volume XIX, Issue 1797, 19 February 1886, Page 2

Borrowing.

Tub New Zealand Times and the Evening Press are at present discussing the question of borrowing and public works. The Times advocates merely borrowing for finishing existing railway lines, and generally for couatiucting works which will be reproductiveThe Press, on the other hand, declares that so long as borrowing goes on, a lot of the mouey will bo squHndered ou works which cannot prove reproductive, in order to buy political support. It therefore declares that the best plan to adopt is to stop borrowing altogether for a time until things; work round. We think it advisablo that there should be prudent and moderate borrowing—the loans to be spent solely ou railways and public works which are practically certain to prove reproductive within a reasonable period of time. But rather than see Vogel’s ten million loan scheme adopted, we would have all further borrowing by (be Government stopped for the nez* tea years. ' Aud we daresay the colony would rub along pretty well without any more loans for that period of time.