Sir F. D. Bell met his constituents to tell them what he thought of,the last ses sion .does 'to have haa much to teil,,-so in his usual plausible style he alternately, praised and blamed the. Ministry. .1 To was,not very clear, or the telegraphist has not done him justice, in his condemnation of the Pro vincial .Borrowing, Bill. He said it was surrounded by sufficient safeguards ;■ that property, could only -have been, taxed to the-amount of one shilling in the ' potihd for local improvements, and therefore'am ple security would have to have been given for any loan ; but yet he opposed-the Bill; and should do so again. When Sir Fran cis said the opinion of the country was adverse-to"the-"Billy we""are'nof "prepared" to say it we believe; if' that be true, the reason is that the country not only did not understand 'the Bill, but that it did nut 'suit'meri of-the class to which Sir; Francis belong?; and they, like the Roxburgh people, fancy they have inter ests apart from those of-the public That' was why the Legislative Council rejected it, and why,. he opposed it. The plausi bility of Sir F. D. Bellls politics showed itself in the manner in which he alluded to the land question. "Straws show which way 'the v?ind blows, and Sir Francis' floated a straw in the air which" seems to have suited his hearers," but'which should prove a, ; note, of warning. We do,.not know -whose , system of colonization Sir Francis has been studying, but he told ■his audience:—" Nor could there be any sound system of immigration, unless at 'the same 1 time they reserved agricultural land for settlement by people coming out. from home Land was fast passing into private hands without any provision for this. Tiiey could not'do without revenue ' from land sales'"' but lei them sell pastoral'! land to produce revenue, and keep agri cultural land to secure settlement. Next | session he should try to bring forward ' some practical proposal to give this el- i feet." In other words, he , .meant let the large runs now producing an smnual ar nual revenue of some jg6o;ooo.'become the property. _.jf .the _run-holders, as it would pay them better to pay' a pound an, acre for them, than to pny the grazing rental and sheep assessment. 