TAUPO-TOTARA RAILWAY.

Auckland Star, Volume LV, Issue 114, 15 May 1924, Page 9

TAUPO-TOTARA RAILWAY.

TIMBER COMPANY'S OFFER.

CONDITIONS OF SALE.

The conference between the PutaruruTaupo Railway Board, representatives of the Taupo Totara Timber Company, various timber owners, and Government Department representatives, which was held in the Auckland Chamber of Commerce yesterday, was concluded.

A promise of £500 for preliminary expenses of the hoard was made by a number of the timber owners.

Mr. F. G Dalziell, on behalf of ihe Taupo Totara Timber Company, said his company was prepared to sell the 19-mile section of line at valuation, subject to having running rights as now, and covering an additional output. His company would pay for these running facilities at scheduled rates equivalent to those that other timber owners were paying. It was impossible to specify just then what these running rights were to be. That was a matter for experts, but as the company would be running its own rolling stock he took it that the rates would not be the same as those charged to timber owners without roiling stock. The running rights would have to be guaranteed. The company would expect that the security would be a charge on the line.

Mr. H. Friedlander, chairman of the Railway Board, said there would be the additional security of 1/ per 100 ft of sawn timber. It was estimated there were 800,000,000 cubic feet of , timber, and this on a royalty basis represented £400,000. Mr. Dalziell: If you give us the line and the rate of 1/ per 100 ft that would be quite sufficient. The offer of the Taupo Totara Timber Company will be considered by the board shortly.