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THE MIDLAND RAILWAY.

According to the Wellington eotreipon* • dent; ; pf the '*Olagp Dally Times" "dlsaboraging accounts have been reoelVed by the mad as to the fiaanqlal prosfaeotß of the Midland Railway Company. It !■ Baiathat the undertaking !■ npfc vleired with favor by English capitalists generally, and that the depreciation whlob Kew Zealand's credit has undergone In varioaa waya—the attaok of tha '<Flnahchl Newa" having undoubtedly helped to produce, an unfavourable lmpfesslon regarding th!» * ooloDy— has greatly enhanood the dlfficnlties ensonntered by the London directors In loatlng the capital wbioh lit needad. It Is said also that the very bnfavonrable accounts of the railway and Its paying-, and tha country oeoored by It given by the. numerous oolonlaks who have vlslied England lately ba\rA seriously damaged ' the ohanQsa. oi the enterprise, whloh are now regarded as somewhat gloomy. On the other band it (a admitted that Mr Salt and Mr Brodle floare, both experienced financiers, are still aangnine of being able to raise the needfal capital and. of ay successful Issue generally. 11 -

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18890110.2.19

Bibliographic details

THE MIDLAND RAILWAY., Ashburton Guardian, Volume VII, Issue 2033, 10 January 1889

Word Count
171

THE MIDLAND RAILWAY. Ashburton Guardian, Volume VII, Issue 2033, 10 January 1889

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