The Express.
London, England, 1865-03-24 00:00:00

NEW ZEALAND GOVERNMENT TREA-
AA BURY BILIS. !.14/....‘fente=t nothodmil by Ann of
W. Ledlaarre of the . lb. " Debentame AA
1864," Jobe rased is saaen of the " Loan Act, 1/t<"
The endentimad, acting on Wulf of the Government of !few
Zealand, now otter to panne competition by tender the drat ta-
marind of the above Trees/try Bata, amounting to £400,000

7,5118=7 ear win be henatatitiretn
to: ti
rs!lt nest Al ,001
If= czatb. Ler sentun
laHijrytnthz. lirfril, via. I.Mmof4prit
of July. redeemable no follows :
lot Berns, tlegeoo, on illst Ddesaber, MK 11 months' reemscy.
2nd do. £160,000, *Minna MT. do.
Md do. 9.160.000, 31st Deoembor. 1881, U do.
Both principal sod Interest will be made payable either at the
Colontel Treasury. Wellington, or the Bank of New faiderad.
London. to snit purchasers.
Tenders wtli be received for the whole or any pollee al the
Treasury Bills, not being in sums led Wan /100 or more am
121,004, on the MA Much, 1816.
The tenders should be enclosed in a sealed minima addressed
Mtn undenigned, at the Bank of New Zealand, 60. Old Bread-
street. with the words " Teuder for the New Zeeland 00,1114
went, Trwury Bills" written on the outdda
All tenders received will be armed at the Mak of New lee.
laittlatbarle presence of interested parties, at 1 o'6looll CO the
The Tmeaary Bills will be allotted to the highest bidder%
Peovided the prime offered are not below the Maim= Arad in
Um renal manner.
Tenders at a price including the fraction of a ehilling other
than will not be accepted, and in the event, or lender,
beyond amount to be bawd a pro rata dlatribatten on gash
Wakes wllt be dads.
A deposit of £6 per out. on the amount of etch tender most
De preMouM7 paid into the Bank of New Zealand, and on allot-
ment the Wand in two mud portions, with Intervals of four-
teen days between each. The Treasury with will be Waned in
exchange for the Bank receipt on a day to be Aged epos
haveltsr
The principal and interest of sack Debentares or Trearrer7
Billa are payable out of and charged upon the revenue &dangle
the *ebony of New Zealand from all sources, but without pre
ludloe to any securities heretofore charget p= du Ws saidßUM re-
venue but it is distinctly understood chimed
these Tindery
will be redeemed ont of the proceeds of the Three Minton Nan
maned Loan of IBM, when sold.
Full Information as to the existing Wens of the New TAMS&
Government may be obtained at the Bank of New Taidand.
together will forms of tender. Alas the following docementa
may be sees, de
linanclal statement by the Hon. Mr. Fitsherbert, Odeadat
TTISSUNT, dated 3rd December, idea
The " Debentures Act. 1861."
The " New Customs' Duna Act, 1851," by which it is exPmead
UM se additios will be made to the Colonial revenue of £190.000
pre anellM to. Agents appointed by the Om
lALCOMBI LAZYWORTHY, warner° f New Zealand forthe
ROBLE' PORTIIit, Mae 0/Tressury Bills under
WILLIAM fiIKILLUI OMAN the D.b.a., Act, um,-
Bank of New Lobed. 50, Old Broadetreea
Land on, March le, leas.

--------
lIFEBOAT SEBVICIEL—During the storm
.14 el the past ymr, 1864. the boats of the National Wettest
Institution wed 432 persons from different Waal mom mat&
The Inytas abo erpendmi 619,631 14a. ed. in the saw
parted petty eboat establ in addition to granting
ALM an rewards meansing NS passes by ha
nalboes. sad °thee The Mee of Mee Ipstitatien
esnortis APPIAL to Um polite for A9BISTAIia. to enable
Utemttreest tbe continued beim demands ea the lastitatiott's
_

la =OM
Yea WOO
Ws aro Ted by end Oa , Berra
andConde and Co., end b the Landes sad antry
beakers. sied by the Seeretuy. Lewis leo., et the In-
dian" 14. Johanna. AdelehL

TO PUBLIC COMPANIES.- BegiatMika
Fano and Books, npulred nadir i4s Cknapaulas Act.
ISM" kept In stock by MR and FLINT. atallameds and Penton,
4F. LC.. and Insilco-bed" B.IL
_ .

IC
-_-_-------
crw --T
o CHAINS.OHN BROODEN
to can the attention of the public to the TOLY olli-
V E which be delivers with Gold Guard Chains purchased et
lib manufactory : s. d.
lb worlo of pattern chain, St inches loud
To (18) cantgold, weighing ee. Met pa. ell
LS Ss. 84d. per ounce. Inat price
--
_

_
Total
17poo this system, the QUALITY. WEIGHT, end VALUE of
Jo gold are actually defined. and guaranteed to the'porchmer :
John Brogdeo looting fora lair remuneration out the workmanship
only, which Is charged according to the totriosyr at simplielty ot
the plasm —JOHN BHMIDEN. Godomith.—Mnaatootoar, 16.
Imeisennelmet, Covestegarden. Loodoa. liatehttatod A.D. 1794.
NIL This establishment la closed at In the smalls, and oo
datorlars M Octet*.

UEMEMBER! we wait Supper for you after
JOY Wm Mambas& at IVAN'S. sea not.

ghe enlrtiSo*

RAIII ARCM
Sim Immo, THUS WRIIILS ATTER IRARRIAGL—
MB WOMAN IN MAUVE. Yam. Bathers, Simaiteee, Howe,
FIZTIIII, sad Compton • llandsaida Isaart. 40A—Aad
WY BRAVING. Rims 1.. ILabley sad I. Weight.

twin:mem
Tina 3v S. ICZAZT4IIIIIGS AND TIDDLIATIIIO9.
—ARRAN NA POGIJI. Yarn. D. Deadomau Breirersis.
H. Vandenhogf. D. Flab's', D. Duiray, Belton. Muir
Bondcanlt and Mai N. ouver.—ksd AN MANS APOLOGY.

LYCEUM.
TRW Ihrrania, THE HOADSIDI INS. kreszra H. WWI.
comb, Fit cf. 'trick. and Daffy ; lOrwortby THE
IFIRANGILL Yawn. iy4 lionman,Widdkomb. Fitzpatrick
Mk. Beatrice and Mu. imkpiaa.--Commancii at 7.

1111TAWNLL
NW minim THZ WEEDING IVY.- Wipsor MelEck and
Ids Miaow Dog.—CINDEZZLI,L Übe Whir ledobn.--
And TWENTY BTlAWlL—Cownwod•st Eatizento.

HIGH wit= AT LONDON-!MM
DIM DAY klarotsg,lll‘ h4s.....Aflaueen. Oh. Ow.
natosaow Morning. ft. On.....Allernooa, O. Lso.

LONDON, FRIDAY, MARCH 24.

A coyer►. of war is proverbially a dangerous re-
source. But • popular assembly like the House
of Commons, whoa it undertakes to direct great I
military questions, is subject in an exaggerated
degree to all the inconveniences of that method of
decision. It is at once timid and rash, it is
without practical knowledge, and without the
sense of responsibility. Every member brings to
the discussion his own preconceived ideas, at once
crude and vague, and where there is neither in-
formation to guide the judgment nor authority to
enforce conviction, the plan proposed by Govern-
ment must, in default of any definite alternative,
be almost inevitably adopted. This is the real
explanation of the vote of last night on the
question of undertaking the defence of Canada.
No one, speaking with any knowledge of the
difficulties of the question, ventured to assert
that if the United States were to assail us
on that point we were, or could put
ourselves, in • position to resist them successfully.
Major Armom justly reminded the house that it
was a simple question of numbers ; that we were
not dealing with Hindoos, or with Cbinamen,agaiost
whom we could with confidence gage our troops at
odds of one to ten ; but that we should have to face
men of the same blood and lineage, of the same free-
dom, independence, indomitable energy, discipline,
'and skill as ourselves ; against whom nothing but
the most vain-glorious boasting could persuade us
that we were more than an equal match,
man for man and gun for gun. The official
estimate itself proposed as sufficient force in case
of war an army of 60,000 men, of whom 35,000
should be in the fortresses and 26,000 in the
field ; it suggested no more than 100,000
Canadians to support such troops as we might
send, and yet the House, shutting its eyes to the
absolutely certain consequence which must follow
if that is all we can oppose to the hundreds of
thousands of veterans under arms in the States,
affirmed the proposition that we should stake our
arms and credit on an enterprise of which these
numbers express the relative chances of success.
What can we say of a determination so blindly
hazardous of all our interests and of thevery
Clll/118 we profess to have at heart t What but
that it sprang from a judgment that had not yet
been able to disentangle reason from wishes, and
which, desiring to reciprocate all the friendly feel-
ings of our colonists, was not yet able distinctly to
appreciate all the difficulties of the problem, or to
recognise that truest kindness lies in acknow-
ledging the irresistible, and forbearing to lied
those whom we would serve into a false position
by exciting expectations which we cannot fulfil.
We shall not ask our readers to follow us
through the strategy of the variety of amateur
campaigns which were sketched out last night. The
power of a few men on snow-shoes to stop an in-
vading army, for which Viscount BUSY vouched
his Volunteer reputation ; the disappearance of a
disciplined host before the wrathful uprising of a
colonial farmer, which Mr. HAuansvon rea-
soned upon, may be reserved as curious sub-
jects of speculation for leas practical times. But

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