Moved thereto by my reference to the fact that increased taxation was under consideration by the Government, the papers have commenced discussion on the subject. The Daily Press does not see the necessity for any increase, but, advocates " loan for public works, and_ this is a sensible enough suggestion, but, unfortunately, it is not likely to find favour in Downing Street. They are rather sick of the last experiment, when in the teeth of the advice of the unofficial members the Government would borrow in gold, with a most disastrous result, Mr. Whitehead warned them what would happen, but shill to suffer from that burst of pig-headed they were obstinate, and the Colony has perversity. The Colonial Office will, therefore, probably not sanction" further loan, though it is most reasonable to make posterity bear a part of the burden imposed, as they will reap. the main portion of the benefits.
Text read from the printed page and cleaned; old type leaves the occasional error.