THURSDAY, DECEMBER 3, 1891.
For, tho cauns -tlafr ■latto-aßStetanoe, Fcr tb.p TOms that ncecb resistance, For the future in the dlatanco, And the gocd that -we can do.
The financial position of many of the local governing bodies in New Zealand has been subjected to a good deal of adverse criticism recently in English journals. The unfortunate repudiation by New Plymouth Harbour Board and the unsatisfactory condition of some of the other minor bodies which have borrowed heavily for the construction of harbours where Nature never in tended them to exist, has justified, to a certain extent, the distrust with which some of these loans are now regarded ; but it may safely be said with respect to the municipalities and Harbour Boards of the larger cities that they are in a thoroughly sound state.
