Supplementary Remarks.

Further Borrowing.

The remarks I made on this question were intended to express my opposition to the continuance of the huge loan policy. There may be, and probably are, objects of colonial importance and necessity for which money must be found, and if by further retrenchment in the public expenditure we, cannot provide the required funds out of ordinary revenue, we must increase to some extent our permanent indebtedness. I should, however, scrutinise very carefully any proposals in this direction, and, before assenting to them, satisfy myself of the necessity for the expenditure, and that the money could not be found out of the ordinary revenue. Every proposal should be considered on its merits, and I must ask you to allow me to exercise my judgment after careful consideration.

The position I take up on the