Auckland—We (Southern Cross) have barely space to call attention to the highly important message of his Honor the Superin tendent to the Council (Message No. 20), on the financial condition of the province. It would be impossible to attempt to discuss this document in the limited space at our disposal. Suffice it to say, that th« veil is at length lifted, and the province has an oppor tunity of ascertaining how it stands in a monetary point of view. The truth is a most unwelcome one. but it was by no means unexpected. Those who took pains to think, must have anticipated the revelation that is now made. But it will never do to pass the subject without discussion, not that talking will do any good. '■ What can't be cured must be endured," but then " the saddle ought to be put on the right horse," and we look to the members of the Council to treat facts as they are, and deal with the figures as they find them. The loan is all gone, and no Waitakerei water works have been made. £17.000 additional will be required to complete the railway to Onehunga. On the Waikato immigrants, which the late Superintendent undertook to manage, as agent of the General Government, a sum of no less than £23,000 has been spent without appropriation, and certainly contrary to the intention of the Council and the public. The excess of expenditure, on the ordinary revenue last year, was £8084 4s, together with liabilities entered into of £19,988 3s 9d, which must be met. No part of this sum can be paid out of the revenue of 1866. The esti mated expenditure for 1866 is £59.397 14s 6d; the amount for appropriation will be £59,700, which may be said to balance each other. "The result practicilly is (says the Superintendent, that we must pay our debts out of the money raised under the Loan Act, by transferring for this purpose a sufficient sum to supple ment the revenue of 1865, and this will leave j the revenue of 1866 applicable to the ne> es sary expenditure of this year, but barely sufficient to cover it." There will be no ap-! propriation for local works. We are glad we know the worst. 