It seems that the Loan in qiiention may be divided into three distinct parts —

The first division, of one hundred and fifteen thousand pounds, lepre^ents the liabilities at piesent charged against the revenues of the Piovince in n consolidated form, viz., a Bum of forty-five thousand pounds raised some years since, and a 511 m of seventy thousand pounds for tlte eteotiou of public buildings, sixty thousand pounds of which wan authorised last year. As far then as the fiist division of this Loan goes, the indebtedness of the Province will not be iiici eased by any appreciable amount. , The second division consists of n aum of one hundred ajid ( eighty-five thousand pounds, set apart for the pur p6s"e of being again lent under specific Acts of the Pro vincial Council, to such Boards as exi»t, or may he established for the purpose of executing and maintain ing public- woiksj tlie inteiest and sinking fund of such loans to be paid out of the revenue* of the Boards. At the piesertt time tho City and Harbour of Auckland are largely endowed with valuable lands, the rents of which can easily be made available for the payment of interest and sinking fund on any sums advanced for their, improvement and utilisation. By this diyiajon,, then, the charge on the Provincial reyeni^e \ will not be increased. The tiih^l c\iyision consists of- a sum, of two hundred thousand pounds for Immigration, and tho puichaso of Natty? lands, the, iuteresd and sinking fund of which will be directly a charge upon the Provincial Revenues. Tho Provincial Revenue for the current year is esti mated 1 rttsi^ty'tho'udand and fifty-eight pounds throe •hillings and two pence. The charges on this, for ettablUhntents', police,' interest of money '"on 1 lb^n ; already rained, certain miscellaneous itec^% &0,, amount ( to thirty-four thousand t\yo hundred and'ninety-seven t pounda eigfy 'ihitfings and five 1 pence, leaving but a 1 very narrow margin Jor,the prosecution of such work/l { of general utility as should be' provided. f,afc o,u,t of; fye. , ordinary* reVenueiJ 5 r If thfe question \yere a. 