The Sun.
London, England, 1857-08-06 00:00:00

SCINDE RAILWAY.

Mr. C. FORSTER moved, that the Scinde Railway
Company Bill be considered, and read the third time
forthwith ; prints of the bill havir.g been deposited with
the doorkeepers yesterday.
NEW ZEALAND LOAN GUARANTEE BILL.
The adjourned debate upon the second reading of this
hilt was resumed by
Mr. HENLEY, who said that he should vote for the
second reading of the bill, but unless that portion of the
measure which authorised the application of the loan to
the purchase of the land of the natives was omitted when
the bill was in committee, he should feel it his duty to
vote against the third readii g.
Sir J. GRAHAM thought the security ought to be
minutely examined on which this guarantee rested, as
he objected generally to the practice of granting loans to
colonies. He would therefore suggest to the Colonial
Secretary the adoption of the following motto :—" No
lender be, for the lender loseth both his loan and friend,"
and provided this measure received the sanction of Par-
liament the Government would have to bear the respon-
sibility t f passing it.
The CHANCELLOR of the EXCHEQUER said the
colonies were of the greatest advantage to the commerce
of the country, and in order to secure the prosperity and
good government of their colonies they gave them finan-
cial assistance, more particularly if they required it in
their earlier years. Tue present bill was founded upon
that principle, and he thought the Government was per-
fectly justified in taking the steps they had. At the
same time he must admit that the coloni-ds of New
Zealand had no I,gal claim on the house. They merely
appealed to the generosity of the British Parliament ;
and, under all the circumstances, he thought the house
might give the appeal the most favourable answer.
Mr. ADDERLEY urged upon the house the necessity
of passing the bill, which was calculated to be of the
greatest service to the colony.
Mr. W. WILLIAMS and Mr. GILPIN opposed bill.
__eL ord A. CHURCHILL said, from a personal visit to
a.wZealand, be felt certain that the colonists were
Possessed of means fully ample to liquidate the loan.
C&
Mr. that the demands nearer home
ought'4r. be considered before they advanced money to
distant n°1"1, Which stood in no real necessity of the
assistance.
Sir H. WlLLeitrecinp,
the. said he thought all the good
this loan would a, to
get into
ti,: debt.
colonists would be, that it
would enable them to
Colonel SYKES said
tielecteisti?n before the house
WAS a very simple one. If
would haovn:is raised the pro-
f
osed loan unaided they
cent., but if the Government guarantee° Pv,:tys a
givent 8t
hey
money as the
would save half that amount of
question there-
Per
money could be got for 4 per cent. The
fore was, was it under all circumstances the dui, of
_e
Government to assist the colony. (Hear, hear)' the
oped it was, and at the same time they should carefully
examine all securities, to satisfy themselves that no
would be incurred by the transaction. Although
gether disapproving of the system of Government
guarantees, in this case he should vote for the second
reading of the bill.
The house then divided, when there appeared—
For the second reading
Against it 23
Majority
The bill was then read a second time.
• The CHANCELLOR of the EXCHEQUER said as
they were so near the day fixed by the House of Lords,
beyond which no bill would be read a second time, he
proposed that the bill should be committed this evening
after the other orders of the day.
Tae motion was agreed to.
SALE OF WASTE LANDS (NEW ZEALAND)
BILL.
Mr. J. A. SMITH raid the object of the present bill
WA] simply to enable the New Zealand Company to