AS OTHERS SEE US.

Inangahua Times, Volume II, 14 October 1881, Page 2

AS OTHERS SEE US.

♦ A noticeably instance, reiiark^ ilnT Australasian of a recent dito. n(" the way in which the beneficial i' tTi»i!t of the financial policy of Mr IL'li and Major Atkinson is rpcopnised in o;^---side critioa 3f ihe financial conrhtidn is afforded by a recent article in Truth. This journal, in the portion nf its unges devo'ed lo '.he consideration of finance and raoDetuy matter*, last year severely denounced thesTstem on which New Z?alncd public affairs wore conductpd. The s?rae paper, which was then the strictest critic of the colony, now makes a cordial and linen I acknowledgement of Ihe improvement which hayS taken place in its r.ff.nre. "Writing in its issue of August 4r.h, of the state of things before it came under tf!e reformation rule of the present Government, Truth says — * There was a permanent defrV,' Con* trusting this with the present state' of afhirs it remark?, ' The New Zea* landers are, however, like ourselves a practical and sensible people. They saw that the game of perpe'ually borrowing from us could not £0 on for ever, as it was only a question of time when we should decline to lend, I am happy to find that they have set their house in order. They are now rising Jpxes to cover Ihtir administrative expenditure and fho interest on other debt, and they we expending on public works tlia funds* derived from the sale of public lands. The result has beeu thr.l New Zealand bonds are aga ; n regmud os a safe investment, and that the credit of the colony is re-esrnMished.' Jt continues, ' There is no reason w!*r New Zealand should not be one of <he wealthiest and raopt prosperous of our colonies. Nature has done much for her, and her people are energetic an.-i intelligent. They have proved lliis by being ready to make sacrifices iv order to maintain their credit, an^ if they are only trading n"irt>pr they nor their creditors need fear bankruptcy.' From which it »s evident that the services of the Ifall Government meet wi*h juster appreciation abroad even among those thought; to he hostile critics, than they receive athome 'Yom many who profess friend;! Ip and patriotic zeal for the credit of the colony.