NEW RAILWAY OUTLET.

Auckland Star, Volume XLVI, Issue 232, 29 September 1915, Page 8

NEW RAILWAY OUTLET.

HAKBOtTR BOAJED &gyx DEPARTMENT. TERMS OF PROPOSED AGREEMESt The reclaiming of the area , of 20 *w>. proclaimed by the Railway Derartia. at 6t GeoTge'e Bay, in connection m, the new eastern outlet, formed the Jf ject of a conference in Wellington!* cently between the chairmaff ef «i, Board an.i the General .Manager of'ili? ways. Mr Heather reported to tha" B«»rf yesterday afternoon that he hid ranged, subject to approval, that t£ work should be i-arried out by the Boarf upon the same terms and eet out m the agreement made 'in Sovej. her. 1011, with the exception that tW Department should ;,ay to the BOJ4 ten per rent per annum on the capjtjrt value of the plant belonging to tie Riard and employed lor the tiae btij, exclusively ur principally for the poses o! the r-i!amaUon, iarteaa, o[ Seven per cent j»er annum ac spprijM in the agrcc-meut made oil the i 4 November, mil. Tlif provisional ■UT'-eaient caßed iMjj tho Department to ;uy to the &Q the Bum of £20Od a« iull settlement is locwrs of rent, deprivation of aceea ta the Board's property, reduction aF'ifa •it CaropbcH'e I'oint, etc. A further provision was tSat' ti; Board should maintain th» King's Drhr Road up to the date of the transfer jf the tenants to the Railway DeptrtineM, anj the department to pay the cat o( the maintenance o>. the King'i Dj^, Road from thf date of the Uimfer ol the tenants. The report «as adopted without daCUMIOII.